Home > Boards > Canadian > Cannabis > Tilray, Inc (TLRY)

Canada’s weed sales reach $318M record in June

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
FUNMAN Member Profile
Member Level 
Followed By 107
Posts 25,746
Boards Moderated 11
Alias Born 08/03/10
160x600 placeholder
Tilray Expands Medical Cannabis Product Offering in Australia GlobeNewswire Inc. - 1/25/2022 7:00:00 AM
Boost Your 2022 Wellness Routine With Manitoba Harvest GlobeNewswire Inc. - 1/20/2022 8:00:00 AM
Tilray Shocks the Market With a Profitable Quarter TipRanks - 1/11/2022 2:43:02 PM
Tilray: Challenged Domestically, but Making Inroads Abroad TipRanks - 1/11/2022 2:18:24 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/11/2022 7:55:08 AM
Prospectus Filed Pursuant to Rule 424(b)(7) (424b7) Edgar (US Regulatory) - 1/11/2022 7:52:37 AM
New WallStreetBets data: Mentions of $TLRY are surging on WallStreetBets Quiver Quantitative - 1/10/2022 7:00:33 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/10/2022 4:37:05 PM
Dara Redler to Join H&R Block as new Chief Legal Officer GlobeNewswire Inc. - 1/10/2022 4:15:00 PM
Tilray Q2 Net Revenue Rises 20% TipRanks - 1/10/2022 9:43:33 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 1/10/2022 8:39:33 AM
Tilray swings to profits; on track for additional cost synergies in FY23 Seeking Alpha - 1/10/2022 7:44:40 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 1/10/2022 7:08:47 AM
Tilray EPS beats by $0.08, misses on revenue, achieves $70M in cost synergies to date Seeking Alpha - 1/10/2022 7:01:45 AM
Tilray, Inc. Reports Profitable Second Quarter Fiscal Year 2022 Financial Results GlobeNewswire Inc. - 1/10/2022 7:00:00 AM
Tilray: Analyst Stays Cautious Ahead of November Quarter Earnings TipRanks - 1/9/2022 8:56:07 AM
Tilray (TLRY) Gets a Hold Rating from CIBC TipRanks - 1/7/2022 3:06:08 PM
What to expect from Canadian cannabis giant Tilray' FQ2 performance? Seeking Alpha - 1/7/2022 12:08:47 PM
Tilray: A Leader in a Rapidly-Growing Industry TipRanks - 12/31/2021 12:17:44 PM
Tilray a sell at GLJ Research as firm sees 88& stock decline Seeking Alpha - 12/30/2021 8:59:15 AM
Tilray to Announce Second Quarter Fiscal 2022 Financial Results on January 10, 2022 GlobeNewswire Inc. - 12/20/2021 7:30:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 12/17/2021 4:28:15 PM
FUNMAN Member Level  Sunday, 08/22/21 06:46:14 PM
Re: A deleted message
Post # of 8448 
Canada’s weed sales reach $318M record in June

Nova Scotia’s sales jumped more than any other province

https://mugglehead.com/canadas-weed-sales-reach-318m-record-in-june/

By Kathryn Tindale
Published
2 days ago

Canadians have been out-buying themselves in legal weed this year, with another record set in June for retail cannabis sales.

On Friday, Statistics Canada released preliminary retail sales data, which shows a monthly increase of 1.7 per cent to $318.7 million. This is the fourth consecutive month the country hit record weed sales.

The daily spending average for June is about $10.6 million, and Canada could surpass $3.87 billion in weed sales this year.

Canada’s overall retail sales increased 4.2 per cent in June, primarily led by higher sales at clothing stores. Six provinces saw sales go up, with Ontario and Nova Scotia leading the pack at 9.8 per cent and 16.3 per cent respectively.

Weed sales have also gone up in those two provinces.

Nova Scotia’s sales shot up 10.5 per cent to $8.2 million, the largest jump of any province.

Ontario’s sales rose 8 per cent to $120.1 million, while Ottawa leaped 13.3 per cent to $12.1 million. Toronto’s $43.7 million represents a 5 per cent increase.

Canada’s most populous province has continued to add more retail stores, reaching more than 1,000 as of Friday.


Ontario Cannabis Store
@ONCannabisStore

Aug 20
You can now shop at over 1000 Authorized Cannabis Retailers across Ontario, owned and operated by your local buds. Find a store near you: https://bit.ly/2GZSgh2

https://twitter.com/ONCannabisStore?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1428778948809342978%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fmugglehead.com%2Fcanadas-weed-sales-reach-318m-record-in-june%2F

Large markets dip while weed sales climb in Maritimes and Prairies
Of the four largest weed markets in Canada, Ontario is the only one to bring in higher sales in June.

Alberta’s sales dropped 4.4 per cent to $57.1 million, and Quebec dipped 0.7 per cent to $49.2 million.

Both provinces had cannabis sales steadily increase for most of the year — with the exception of February — before dipping in June.

Sales had been climbing for three months in British Columbia before dropping 4.1 per cent to $44.5 million in June. Vancouver’s sales decreased by 1.4 per cent to $14.4 million. A total of 371 licences have been issued in B.C. so far.


Saskatchewan sold $13 million, up 0.7 per cent from May, and Manitoba’s sales went up 2 per cent to $12.1 million.

It seems the Maritime provinces are faring better in June than the previous month as well.

In addition to improved sales in Nova Scotia, New Brunswick’s went up 3.4 per cent to $6.6 million. Newfoundland and Labrador saw a similar increase of 3.8 per cent to $4.9 million.

Sales for P.E.I and the Yukon haven’t been provided by StatsCan since March.

There weren’t any June numbers for the Northwest Territories either. Nunavut hasn’t had available sales data and currently only has one store.

Canada retail sales data from May has been revised slightly to $313.18 million.







Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences