In a recent analyst note, Cantor Fitzgerald's Pablo Zuanic gave an overview of the Canadian recreational cannabis market in the second quarter of 2022, according to data collected by Hifyre, a leading in-shop and online digital toolset for cannabis dispensaries.
“The Canadian recreational market continued to decelerate in 2Q22 in terms of YoY trends, but it should be said that +21% YoY growth is much better than what we are seeing in the US market (we estimate +1% YoY for 2Q22),” Zuanic said. “Sales grew 8% QoQ after a 2% sequential drop in 1Q22. Prices continue to decline, (...) and we see signs of stabilization.”
