We believe there is a disconnect between market sentiment/valuations, and the surge in COVID-19 cases, and weaker than expected employment data in the U.S.As for the Cannabis industry, Canadian retail sales have shown steady growth, despite the pandemic. The number of Cannabis retail stores increased 206% YoY to 1,384 by December 2020. We believe there is room for at least 2,200 more retail stores in the country.

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