In a recent analyst note, Pablo Zuanic from Cantor Fitzgerald offered an update on the performance of Canada’s cannabis Licensed Producers in the August quarter, based on data obtained by the market scanner Hifyre.

For Canadian recreational exposure, Zuanic recommends OW-rated cannabis companies OrganiGram Holdings Inc. (NASDAQ: OGI) and Village Farms International (NASDAQ: VFF).

“So far in calendar 3Q (Jul/Aug average daily sales), Organigram and VFF’s Pure Sun Farms (sales up 8% and 12%, respectively, vs. market growth of 5%) continue to outperform the Canadian recreational market,” Zuanic said. “There is literally a tie between the Top 3 players, with Hexo (NASDAQ: HEXO) at 8.3% share in the August month, Organigram at 8.2%, and Tilray (NASDAQ: TLRY) at 8.2%.”

Highlights: Sales Growth Trends In Canada

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