Canadian cannabis industry ‘increasingly fragmented’ despite M&A

9/9/21–According to a report by Bank of Montreal analyst Tamy Chen, the Canadian cannabis industry is becoming more fragmented than ever, with the biggest licensed producers continuing to lose market share as a whole. Citing data from analytics firm Hifyre, the report notes that the top five licensed producers represented less than 40% of the Canadian market in August, down substantially from a year ago when the producers accounted for more than half of all retail sales. Read