GREY:CHOOF - Post by User
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CANNABISCANADAon Nov 06, 2021 10:14am
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Post# 34095559
Remember when I said Canopy's retail is not in good shape
Remember when I said Canopy's retail is not in good shapeCanopy's Q2 was VERY DISPPOINTING!
Klein also expects Canopy's chain of Tokyo Smoke stores will remain open over the next year despite a report by Chen that predicts some outlets will close up shop due to a concentrated retail environment. Access to the retail market is key for companies like Canopy to better understand what the customer wants.
"The difficulty in the market that we're in in Canada is consumer preferences are changing, but then also retailers' motivations and preferences are changing. As they're trying to learn how to compete with each other, they're continually moving their assortment, which affects our demand," Klein said.