The saturation of the Canadian cannabis market and the ways that retail traders are helping Sundial’s turnaround were among the topics Sundial Growers Inc (NASDAQ: SNDL) CEO Zach George discussed during the last iteration of the Benzinga Cannabis Capital Conference, which is returning to a live format next week in New York City.
The interview with George was moderated by Jeremy Berke, a senior reporter for Business Insider covering the cannabis industry.
Sundial's CEO On The Cannabis Market: Three main factors are affecting the Canadian cannabis market right now, George said at the virtual Benzinga conference.
Price compression is a large concern, with oversupply issues leading to flower prices being down over 50% at some points, he said.
Regulatory dysfunction — including conflicting provincial regulations — is another big factor for the cannabis market in Canada, the CEO said.
The third factor George named was market share competition that he said could be solved by consolidation …