Can pot stocks weather the COVID-19 hurdle? [Wealth Professional (Canada)]
Aphria Inc. (APHA)
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Source: Wealth Professional
Leading observers weigh in on what the pandemic era might mean for Canada's marijuana industryByDavid KitaiApr 08, 2020ShareThe Ontario government’s decision to close marijuana retail stores on April 3 has come right when it seemed pot retail in Canada’s largest market was turning a corner. Though the crisis will have deep impacts on the marijuana sector, leading observers disagree on whether the fundamentals of the industry can weather this new hurdle after an already turbulent year.One leading portfolio manager sees the store closure as a near-term hurdle, the long-term impacts of which will be determined by the wider public health crisis. A marijuana market analyst, though, thinks that with stores still open across much of Canada, delivery now available in Ontario, and a likely increase in demand from consumers stuck at home in need of recreation, the fundamental upturn he was already seeing in Canadian pot will continue, if a little slowed by current conditions.“For Canadian canna
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