Market Share vs. Market Cap in Canadian Cannabis

CANNANNEW REPORT

  The adult-use cannabis market got off to a raging start before even one gram was sold. Many companies committed vast resources to greatly increase production capacity ahead of full legalization. Many of those companies achieved lofty valuations in the public capital market as a result. After about two and a half years, a look at the state of the industry might be due. Demand levels have been normalized a bit, consumers have had time to establish brand preferences, and there have been corrections in the valuations of many publicly traded licensed producers. Not to say the cake is fully baked, but it’s a lot farther along than it was even a year ago. One producer that has been steadily rising through the market share ranks over the past year is Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF). Decibel did not take the path of huge initial investment into production capacity, choosing instead to round out all portions of its vertically integrated business more gradually. The company’s focus on premium craft cannabis (appealing to consumers) coupled with a disciplined approach to the bottom line (appealing to investors) looks to be paying off at this point. Adult Use Market Share The chart above reflects the top 12 companies in terms of recreational sales market share for Q1 2021 and for the first two months of Q2 2021, with each company’s market capitalization listed below the ticker symbols for a point of reference. At the top, industry giants Tilray, Canopy, and HEXO have separated themselves from the pack just a bit, with all three showing a slight decline in market share between the two periods. Village Farms, Organigram, Auxly, Decibel, Sundial, and The Green Organic Dutchman show market share growth over the time frame. Decibel is really the up-and-comer in these…

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Source : Market Share vs. Market Cap in Canadian Cannabis

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