11:09:41 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Cannabis Summary for Jan. 21, 2022

2022-01-21 19:29 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The S&P/TSX Cannabis Index lost 3.20 to 75.78, while the CSE Composite Index lost 13.55 to 466.33. Canadian cannabis sales saw their first monthly decline in eight months, dipping to $353.6-million in November, according to new data from Statistics Canada. October's figure was a record $364.1-million.

This is the first time that monthly sales have dropped since February, 2021. A dip also occurred from October to November, 2020. In all of these cases, the lower figure is primarily the result of fewer calendar days in February and November relative to January and October.

Although nationwide sales dropped last November, the nation's largest cannabis market bucked the trend with a monthly increase. Ontario's sales rose to $148.3-million in November from $145.6-million in October. Cannabis stores in Ontario continue to open at a rapid clip, with 1,399 stores operational across the province as of this morning, up from about 350 this time last year.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed