Updated on July 19th 2023
Increased Earnings in the Fourth Quarter
David Mukpo, COO of cannabis-industry brand tökr, predicts a thinning of the herd of marijuana-related brands – and a boost in fourth-quarter earnings among the top contenders of cannabis. “Through the early part of the year, some of the largest cannabis companies struggling will lead to marquee companies closing the door,” explains Mukpo. “As the field narrows, this will be offset by Q4 being the most optimistic time in Cannabis over the previous 24 months as the market factors begin to stabilize.”
Update (July 2023): Industry leader Aurora Cannabis reported a net revenue of $72.1 million in the fourth quarter of 2020 – a net profit reduction of approximately five percent compared to their third quarter.