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Benzinga
Benzinga
Business
Jelena Martinovic

BIZARRE: This analyst expects stabilization across canadian cannabis market revises sales estimates for cannabis lps - You Need To See This

Nasdaq Pablo Zuanic Aurora Canopy Canopy Growth Organigram

The Canadian cannabis industry has become a competitive field over the past few years, which doesn’t come as a surprise considering its exponential growth over the same period.

To capture the market share, cannabis companies have been slashing the prices of their products, which had a negative impact on some of the large players within the space, such as Canopy Growth Corp. (NASDAQ:CGC) and Aurora Cannabis Inc. (NASDAQ:ACB). Year-to-date stocks of both Canadian cannabis giants plunged by 67% and 71%.

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