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

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....