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Bullboard - Stock Discussion Forum High Tide Inc V.HITI

Alternate Symbol(s):  HITI

Consumer Cyclical Healthcare Advertising Agencies Cannabis
High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international... see more

TSXV:HITI - Post Discussion

High Tide Inc > canadian cannabis in october
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Post by thebest on Dec 22, 2021 1:12am

canadian cannabis in october

Canadian recreational cannabis sales grow to CA$364.2 million in October

MJBizDaily Staff
 - Updated 

Regulated sales of recreational cannabis totaled 364.2 million Canadian dollars ($281.7 million) in October, a monthly record.

October cannabis sales grew by nearly 2.8% over September’s total, according to retail sales figures reported Tuesday by national data bureau Statistics Canada.

Monthly recreational cannabis sales increased in all provincial markets tracked by Statistics Canada except New Brunswick, where sales dipped by 2.8% to CA$7.1 million.

Adult-use consumers in Ontario, the largest provincial market, bought CA$145.7 million worth of legal marijuana, a month-over-month increase of nearly 3%.

Shoppers in Alberta spent CA$63.2 million on cannabis in October, a 4.1% monthly increase.

In Quebec, monthly sales grew by 2.3% to CA$52.5 million.

In the remaining provinces, October sales and monthly sales growth were:

  • British Columbia: CA$50.5 million (+2.7%)
  • Manitoba: CA$13.9 million (+0.6%)
  • Saskatchewan: CA$13.8 million (+1.5%)
  • Nova Scotia: CA$8.1 million (+0.6%)
  • Newfoundland and Labrador: CA$5.7 million (+7.6%)

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Statistics Canada did not report retail cannabis sales for the smallest province, Prince Edward Island, or for Canada’s three territories.

October cannabis retail sales in selected Canadian cities were:

  • Toronto: CA$49.5 million (+4.7%)
  • Montreal: CA$27.2 million (+3.4%)
  • Edmonton, Alberta: CA$21.7 million (+5.2%)
  • Calgary, Alberta: CA$17.5 million (+3.8%)
  • Vancouver, British Columbia: CA$16.6 million (+3.3%)
  • Ottawa, Ontario: CA$14.5 million (-0.4%)
  • Winnipeg, Manitoba: CA$9.3 million (+1.1%)
  • Quebec City: CA$5.9 million (+2.9%)
  • Gatineau, Quebec: CA$1.8 million (+2.6%)

Statistics Canada’s October cannabis retail sales report is available here.

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All US Canada International Recreational Retail 
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