Auxly Cannabis Group Inc (CBWTF)

[psnvestr]

Found this about cannabis market:

Bank of America analyst Christopher Carey says most Canadian cannabis retail stores remain open. As of March 22, Carey estimates 97% of Canadian retail locations were still open. Canopy closed its 23 retail locations in Newfoundland, Saskatchewan and Manitoba. However, its wholesale and online businesses are still running strong.

The outbreak hasn’t hurt sales. Carey says cannabis sales in Canada are climbing.

“It’s clear to us that cannabis purchases have meaningfully accelerated amidst more consumers staying at home longer,” Carey says.

A new BDS poll of North American cannabis retailers found that 94% say traffic has increased during the COVID-19 outbreak, while 6% say they see no difference.

In other words, coronavirus-related social distancing has been a bullish catalyst for cannabis sales.