48North Cannabis Corp. V.NRTH

RE:Canadian cannabis stores see ‘unprecedented’ sales surge

[flamingogold]

Based on the last recession of 2008, booze and now cannabis will do well during hard economic times.

https://money.cnn.com/2011/06/08/news/companies/alcohol_sales/index.htm

https://www.investopedia.com/articles/investing/100115/5-recession-resistant-industries.asp

Auditor wrote:

Cannabis stores in Ontario and Alberta reported “unprecedented demand” as the country hunkers down to fight a worsening coronavirus outbreak, industry sources say.

Executives told Marijuana Business Daily there is no threat to supply chains at this time, and safety measures have been put into place for employees and consumers.

Spiritleaf CEO Darren Bondar said his 46 stores “experienced an unprecedented demand for cannabis over the weekend with sales up 20% over the previous one and a record number of customers served

Quebec bump

Quebec’s monopoly online store also saw increased sales.

Socit qubcoise du cannabis (SQDC), which is also the wholesaler for the province, said its website remains “fully functional and parcels are still being delivered.”

“Indeed, we have seen an increase in sales over the last days,” spokesman Fabrice Giguere wrote in an email to MJBizDaily.

Giguere said inventory levels, both online and in stores, are stable.

“We invite all customers returning from a trip abroad or who experience flu-like symptoms to do their shopping directly online,” he noted.