The outlook for Canadian pot producers got another shade darker for BMO Capital Markets analyst Tamy Chen. She slashed her forecasts for sales and cash flow across the industry this morning, after concluding that most producers will continue to suffer negative cash flow next year as they deal with too few stores and too late a lift off in new products such as vapes and edibles.
“Our industry forecast does not anticipate an acceleration in growth until Q2 2020,” she writes in her Monday note. Chen made no changes in her estimates,…
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