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Sunday, March 27, 2022 7:18:50 PM
Brightfield said it expects Canada’s cannabis market to grow at an annual rate of 10 per cent over the next five years to $ 8.8 billion, driven by increased sales in edibles and vape products.
https://jnews.uk/cannabis-canada-weekly-market-expected-to-double-by-2027-pot-stocks-up-on-us-legalization-hopes/
To me a 10% annual growth rate sounds way to low for the Canadian cannabis market. I mean Heritage subsidiary Premium 5 has already reported $19.6 million, an increase of 113% over Heritage's $9.2 million fiscal 2020 revenue. This percentage should only increase when we see all the Heritage subsidiaries report next week. Maybe cannabis investors will move to the market share gainers like Heritage in 2022. Fingers crossed searay :) glta
Heritage Cannabis Announces Corporate Update and Highlights Significant Sales Growth and New Products
https://finance.yahoo.com/news/heritage-cannabis-announces-corporate-highlights-124000875.html
Looks like some good US cannabis legislation catalysts coming up. Plus Heritage is a legitimate US play with upcoming product production in Missouri. Like :)
Why Tilray and Other Cannabis Stocks Popped Friday
https://www.fool.com/investing/2022/03/25/why-tilray-and-other-cannabis-stocks-popped-friday/
Posts are my opinion only, and not advice of any kind. glta
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