RE:Canopy Growth Corporation (CGC) Expected to Beat Earnings From the last ER transcript
Mark Zekulin -- Chief Executive Officer
"Yes, I know, totally, and great question. I would say if we park the question for a second and we look at everything else going on in the business, right, our recreational market share is sitting north of 25% across the country, in our view. So gross revenues prior to adjustments, up 6% to $118 million. Canadian medical sales, up; global medical sales, up; retail sales, up, fifth largest retail network; overall cannabis shipments, up."
- September: CA$122.93 million ($93.5 million)
- October: CA$128.98 million ($98.1 million)
- November: CA$135.75 million ($103.25 million)
So, if we add 5 mill US onto Dec, take 25%, to be conservative because he clearly said north, we have $77+ M US if our market share held bare min. Estimate is $79.2 M US.
This doesnt include international sales whatsover.
Then this potential:
Vivien Azer -- Cowen and Company -- Analyst
Well, I thought you were going to -- you would have recognized some revenue in 3Q, but if it's 4Q, then yes, any commentary in the back half on revenue generation expectations for U.S. CBD, please?
Mark Zekulin -- Chief Executive Officer
Yes. I think our target remains Q4 of this fiscal. While it is potential, some of that might creep into Q3. I don't think there'll be anything material in Q3, to be quite honest.
I think we could beat. The shorts have straight up become complacent, imagine if we were to beat coupled with a stellar news release?
Call me a dreamer but sooner or later its gonna happen.
Can you say SQUEEZE?