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Cannara Biotech Inc. V.LOVE

Alternate Symbol(s):  LOVFF

Cannara Biotech Inc. is a Canada-based vertically integrated producer of premium-grade cannabis and cannabis-derivative products for the Quebec and Canadian markets. It operates through its wholly owned subsidiaries, Cannara Biotech (Quebec) Inc. and Cannara Biotech (Valleyfield) Inc. The Company owns two mega facilities based in Quebec spanning over 1,650,000 square feet, providing the Company with 100,000 kilograms of annualized cultivation output. It operates in two segments: Cannabis operations and Real estate operations. The Cannabis operations, which encompasses the cultivation, processing and sale of dried cannabis and cannabis derivatives for the Canadian market and other cannabis services (Cannabis operations). The Real estate operations, related to the Farnham and Valleyfield building (Real estate operations). The Company’s brand portfolio includes Tribal, Nugz, and Orchid CBD. Orchid CBD is a wellness brand that provides premium CBD-dominant cannabis.


TSXV:LOVE - Post by User

Post by PotLuck444on Apr 21, 2020 7:54pm
229 Views
Post# 30936780

Cannabis sales in Canada...(Recreational)...1.9 Billion

Cannabis sales in Canada...(Recreational)...1.9 Billion
Canada pot market on track to hit $1.9B in sales, according to February retail figures 
Canadians spent nearly $150 million on cannabis in February, down slightly from the prior month, according to Statistics Canada. StatsCan said $149.9 million of legal pot was bought in February, down 2.7 per cent from January. On a daily basis, Canadians bought $5.16 million of pot in February, up from the $4.97 million bought per day in January, and resulting in an annualized revenue rate of $1.9 billion. Only three provinces reported monthly sales advances in February, with Saskatchewan leading declines with a nearly-15-per-cent fall in activity, the data showed.
 
Canada pot market on track to hit $1.9B in sales, according to February retail figures 
Canadians spent nearly $150 million on cannabis in February, down slightly from the prior month, according to Statistics Canada. StatsCan said $149.9 million of legal pot was bought in February, down 2.7 per cent from January. On a daily basis, Canadians bought $5.16 million of pot in February, up from the $4.97 million bought per day in January, and resulting in an annualized revenue rate of $1.9 billion. Only three provinces reported monthly sales advances in February, with Saskatchewan leading declines with a nearly-15-per-cent fall in activity, the data showed.

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