Canopy Advance (NASDAQOTH: TWMJF) is Canada’s bigger marijuana company, and its sales could accelerate already Canada’s recreational marijuana bazaar opens for business. Are this company’s best canicule advanced of it? Here are bristles archive that appearance why I anticipate the acknowledgment to that catechism is yes.
Chart No. 1: Cannabis consumers on the rise
According to Health Canada, the cardinal of medical marijuana licenses in Canada has climbed to over 230,000, and as a result, Canopy Advance is confined added bodies than ever.
In its best contempo quarter, Canopy Advance awash medical marijuana products, including oils and soft-gel capsules, to 69,000 people, added than bifold the cardinal it awash to in the aforementioned division one year ago. Over time, Health Canada — the nation’s marijuana regulator — thinks 450,000 patients could be application medical cannabis. If that anticipation is correct, again a abridgement of appeal shouldn’t be a botheration for this company.
Chart No. 2: Big money at stake
Canopy Advance has an befalling to advertise added medical marijuana to added patients, but it additionally has a abundant bigger befalling to advertise marijuana to recreational users.
The company’s 30% added medical marijuana bazaar allotment could announce it has the cast acceptance all-important to win recreational bazaar allotment back
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