Auxly mentioned about market share...FWIW Companies that have lost share include Alberta-based Aurora Cannabis, Toronto-headquartered Cronos Group, Quebec-based Hexo Corp., Ontario-based Canopy Growth Corp. and New York-headquartered Tilray.
Pure Sunfarms, the cannabis subsidiary of Village Farms International in British Columbia, has not gained meaningful ground since spring.
“We highlight notable share outperformance by Auxly in September and October and notable share underperformance by Hexo and Tilray over the entire charted period from October 2020 to October 2021,” Chen wrote.
As of October, Hexo was estimated to take the No. 1 market-share position in those four provinces by virtue of sinking more slowly than its main rival, Tilray, over the course of 2021.
Hexo’s estimated share in October was almost 13%, down from 17% at the start of the year.
Tilray’s share fell to approximately 12% in October.