Canadian cannabis companies won’t turn a profit in the coming quarter and here’s why

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Cannabis Watch

Published: Sept. 24, 2021 astatine 1:26 p.m. ET

Analyst cuts terms targets for Canadian companies arsenic profits stay elusive

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Canadian cannabis companies, inactive struggling to amusement a profit, are improbable to present 1 successful their coming quarterly earnings, successful much atrocious quality for hard-hit stocks aft a agelong of weaker stock prices.

CIBC expert John Zamparo this week pared backmost his firm’s banal terms projections for the sector. The astir 25% diminution arsenic measured by assemblage ETFs implicit the past 3 months is the effect of continued losses from Canadian cannabis companies, the dearth of organization investors successful the space, and the realization that U.S....

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