21:49:21 EDT Tue 15 Oct 2019
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol C : ACB
Shares Issued 1,020,378,291
Close 2019-09-16 C$ 7.26
Recent Sedar Documents

FP/CP say Aurora, rivals see gov't harvest pot losses

2019-09-16 08:48 ET - In the News

Also In the News (C-APHA) Aphria Inc
Also In the News (C-OGI) Organigram Holdings Inc
Also In the News (C-WEED) Canopy Growth Corp

The Financial Post reports in its Saturday, Sept. 14, edition that Ontario Cannabis Retail Corp. lost $42-million in the latest fiscal year, according to newly released public documents. A Canadian Press dispatch to the Post reports that the provincial Crown corporation tasked with on-line sales and wholesale distribution of recreational pot reported revenues of $64-million for the year ended March 31, 2019. However, Ontario's consolidated financial statements show the OCRC, which operates as the Ontario Cannabis Store, racked up expenses totalling $106-million during the period. Canada legalized cannabis for adult use on Oct. 17 last year, and the rollout was mired by supply chain issues and product shortages, which largely have been resolved in recent months. The province is in the process of increasing the number of legal pot outlets from 25 to 75 by October. The supply shortages prompted the Ontario government to cap the initial number of retail licences at 25, but the province is in the process of increasing the number of legal pot outlets to 75 by October.

© 2019 Canjex Publishing Ltd. All rights reserved.