Post by
Insiderinfo420 on Jul 28, 2020 11:41am
Letter to share holders from SG
This is Steve Gormley, CEO of Radiko Holdings Corp (CSE: RDKO), hope you are doing well and staying safe. Last week I published anopen letter to the Radiko Shareholders, highlighting notable company progress updates as well as timely industry news. As we head into the middle of 2020s third quarter, we are bullish on the cannabis sectors strong potential for recovery.Looking at a YTD stock price trend of the sectors leaders, many seem to be coming off their record lows.We are seeing new records set in Q2. According to the latest data fromBDSA, cannabis sales across five markets (California, Oregon, Arizona, Colorado and Nevada) totaled $735.4 million in May, up 14% from Aprils $644.9 million. May, 2020 marked a high-point in sales for Californias regulated cannabis market, setting a new single-month record with $290.1 million in sales and representing 15 percent growth both from the trailing month and compared to May, 2019. Despite difficulties presented by the Covid-19 pandemic, both price and volume increased in line with consumer demand across nearly all product categories.Year to date, sales in California have reached $1.3 billion, a ten percent increase compared to the same period in 2019.