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SECTOR ANALYSTS UNEASY

CIBS analyst John Zamparo published a client note calling consensus estimates from other analysts “unachievable.” He believes the next year of REC sales will be lucky to hit $2.2B instead of the $6.5B in consensus revue estimates.
Bloomberg

Market research group the Cannalysts argued legal cannabis (including MED) was “falling woefully short” of ousting the illicit market, with legal REC meeting only 14% of June’s total demand by volume.
MJ Biz Daily

Retail revenues are so slow that a Mackie analyst suggested firms with less than six months’ worth of cash on hand should start thinking expansion.
MJ Biz Daily