We have completed a holistic overview of Canada’s recreational cannabis market. Based primarily on data from Colorado as well as taking into account capacity increases from Canada’s lowest-cost producer, we have a materially different assumption on future market prices and demand. Attached is our overview of the industry. All graphs used are sourced from either the State of Colorado, BDS, Provincial government press releases or BDS Analytics.
Product Supply & Demand Curves
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Aphria is set to release their fiscal Q2/18 results (quarter ending November 30) around the middle of January. As is normally the case, there is not expected to be a press release of results or an earnings conference call. Stock Prices Has Been Going Up After Quarterly Reports – Aphria has seen its share price increase 14% and 2% the day after reporting its last two quarterly results. Fiscal Q4 (quarter ended May 2017) saw cash costs reach a Canadian industry low of $0.79 per gram by competitors’ definition ($1.11 by Aphria’s definition) and a 181% Q/Q increase in EBITDA […]