Part III … [see the previous post for Part I and Part II]
Oversupply and Drop in Average Selling Price (ASP)
Compiled from companies’ SEC filings.
TLRY is the only company that didn’t double its sales from Q3 to Q4. The driver here should be the channel discount. CGC’s Q4 sales in kilograms is almost five times the same figure in Q3 (2,197kg -> 10,102kg), while TLRY is only modestly growing comparatively (1,613kg -> 2,053kg, but still very impressive compared with other industries).