Cannabis Watch: Analyst slashes revenue outlook for Trulieve, Curaleaf, Canopy, Cronos as cannabis business takes a hit

by | Aug 12, 2022 | Stock Market

Jefferies analyst Owen Bennett trimmed revenue expectations for four major cannabis names from the U.S. and Canada, but kept his ratings intact on the heels of quarterly updates from Curaleaf Holdings Inc., Trulieve Cannabis Corp., Cronos Group Inc. and Canopy Growth Corp. Both Trulieve and Curaleaf, the two U.S. companies, said they were seeing more price pressure in their wholesale businesses amid competition and oversupply, with their retail operations holding up comparatively well.

Citing industry pressures from oversupply in some markets and the impact of higher gasol …

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