Daily Archives: Wednesday, August 15, 2018 2:32am

Ontario’s plan to delay opening up brick and mortar cannabis stores until April 1, 2019 increases our fiscal 2020 revenue and EBITDA estimates. We had previously thought that the 80 store target by July of 2019 versus an estimated 200+ stores in Alberta by that time was telling as to what was likely to be an under-penetrated Ontario market. The Ontario Cannabis Store acting as a wholesaler to private businesses while running online sales beginning on October 17th, 2018 we believe will keep average wholesale prices under $6 per gram. We will be updating our financial forecast in an upcoming note.       Important […]