Bullboard - Stock Discussion Forum Inner Spirit Holdings Ltd. INSHF

Inner Spirit Holdings Ltd. has established a growing network of recreational cannabis stores across Canada under its Spiritleaf brand. The Spiritleaf network includes franchised and corporate-owned stores. The company aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products.

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GREY:INSHF - Post Discussion

Inner Spirit Holdings Ltd. > 16% increase in weed consumpsion for first qtr

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Post by toohip on May 10, 2020 11:57am

16% increase in weed consumpsion for first qtr

Overall, the data coming out of Canada reflected what occurred in the U.S. as both countries ordered their populations to shelter-in-place. People stocked up on weed the last couple of weeks in March and many increased their cannabis consumption as they were stuck at home. According to Cowen estimates, first quarter Canada sales are expected at C$479 million ($343.8 million), a 16% increase over a year ago. Several analysts wrote they expected medical sales to be relatively flat. The March-quarter is also the first full three months where second generation products such as vapes, edibles and drinks are for sale across the country.

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