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-- Principal Financial Policeman As well as just to develop on it, David, we're around an 80% share today with four SKUs in the marketplace. It's around 3% to 4% of sector share. And we're having unavailable today. So we don't actually understand what the potential is yet. What we do understand is that we're scaling up manufacturing really promptly.


So we understand that we can double, possibly triple that based upon demand without threatening quality. So we're pushing it as long as we can. We've obtained extremely eye-catching rate mention on the market. And also now it's just a circulation and satisfaction video game.-- Chief Executive Policeman As well as by the means, we're not done, right? So we have more beverages coming to market, as well as our technology team is working like all the time to comprehend what is the next version, what is the next-generation of our drinks product so that we continue to stay in advance?-- Canaccord Genuity-- Expert That's all very practical - canitlever canopy.


And also has the government come back at all with possibly altering the equivalence grams that remain in these drinks? Due to the fact that I would certainly think that you can't actually begin selling two or fours of these points till that obtains amended.-- President Yeah. Look, I assume there is some assistance of it, specifically in the provincial organizations that sell the item.


-- Chief Financial Officer We're working with it. Yeah.-- Canaccord Genuity-- Analyst Many Thanks. Your following inquiry originates from John Chu from Desjardins Resources Markets. Please go in advance.-- Desjardins Funding Markets-- Analyst Hi. Greetings. I just wanted to follow-up on the remark made earlier concerning net profits progressively improving in the Canadian Rec market with even more shop openings. So sort of believed it would have been maybe a little bit a lot more accelerated development in the coming quarters as well as just a lot more gradual. Can you talk about just exactly how you might see all those aspects entering location in the next number of quarters?-- Chief Financial Police Officer Yeah, John. So look, what we've been happily amazed by is shops remaining to open even throughout a pandemic and also our most recent quote is that by the end of fiscal year, we can be over of 1,200 stores throughout Canada.

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As we dial in our supply chain and remain to do in terms of PO satisfaction, as we continue to carry out in terms of Marijuana 2.0 implementation, even more drinks, even more delicious chocolates, even more vape out in the market. As we remain to round off our worth offerings and also as we remain to improve top quality throughout the board, we see a whole lot of tailwind heading into the following six to 9 months.




And we recognize that there's potentially some solutions coming the following six to nine months. However in the meanwhile, this has actually been a pretty excellent defensive play. Consumers are try here still investing in cannabis - canopy anchors. As well as with even more stores coming, we believe that's mosting likely to continue to open the marketplace.


So all indicators benefit Q2. And balance of the year is really simply going to be a function of those stores remaining to open. Your next inquiry comes from Doug Miehm from RBC Funding Markets. Please go in advance.-- RBC Resources Markets-- Analyst Thanks quite, as well as greetings.






Look, I'll attempt this. As well as David, you can enter. So two points. On market share, we are seeing renovations in market share. Rather more helpful hints normally I would claim we hit a trough in the April, May time frame. And as we check out recent fads on share throughout the districts that we can really compute market share for, we do see an uptick across Canada in terms of Ontario, Quebec, Alberta, DC, as well as we're certain that that uptick is going to proceed for all the factors I pointed out at the last inquiry.

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We have actually taken the actions of getting our supply chain in balance. And also we understand that in the short run, that may hinder our gross margin performance as we experience lower usage degrees. As well as we likewise understand a few of our rivals are taking a various course which is still remaining to operate at high use levels, yet generating probably 3 or four times their sales each quarter in their harvest which places all that on their balance sheet, which's going to come back at some factor In terms of excess.




We understand that we have actually obtained continued opportunity to proceed to enhance our margins. And we assume the top priority today is to keep a well balanced supply chain versus simply filling facilities to keep our economic climates of scale going. To make sure that's the course that we're taking. And also again, we remain to believe that the next six to 9 months for this industry are going to be extremely favorable in terms of try this website shop counts.


This ends the question-and-answer part of the phone call - black awning. And also I would certainly currently like to turn it back to Mr. Klein for final remarks.-- Ceo Yeah. Thanks again for joining us. We eagerly anticipate sharing additional progress in the coming months. In the meantime, I really hope all of you will try our incredible products, see our Tokyo Smoke and Tweed shops, explore our shopcanopy.com web site.