The Green Market Report Cannabis Company Index has selected the six companies it plans to add for the third quarter while removing six others after the second quarter, which turned out to be "rough for cannabis stocks."
As COVID-19 safety measures begin to slowly lift and more people are getting vaccinated, many industries are beginning to blossom. For the cannabis industry, in particular, this could mean an improved third quarter (compared to the second quarter) as restrictions began to ease in June, according to Cantor Fitzgerald’s Pablo Zuanic.
Cannabis-focused consumer packaged goods company Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) on Tuesday announced the implementation of amendments to particular provisions of its previously issued debenture with tobacco giant Imperial Brands PLC.
Last week, Cantor Fitzgerald hosted CEOs from 14 Canadian legal cannabis producers as part of its Cannabis Forum.
The Canadian cannabis market has many tailwinds, including post-pandemic store reopenings, understocked inventories, favorable regulatory changes and industry consolidation, the firm's analyst Pablo Zuanic said in a note.