12:46:18 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,014,099,913
Close 2019-05-15 C$ 11.67
Market Cap C$ 11,834,545,985
Recent Sedar Documents

Post/CP say Aurora gears up for edibles in October

2019-05-16 09:21 ET - In the News

The Financial Post reports in its Thursday edition that Aurora Cannabis is building up inventory in anticipation of the legalization of edibles and vaping products next fall, but insists that will not interrupt its sales growth and march to profitability. A Canadian Press dispatch to the Post says that production is expected to grow to 25,000 kilograms in the current quarter ended June 30, but an unspecified portion will be held out of the market, said chief financial officer Glen Ibbott in Edmonton. "What we're trying to do is learn from the challenges of the industry last year and the initial launch of consumer legalization. We absolutely have to have sufficient inventory to launch these products properly," Mr. Ibbott said. "So if that means taking a little bit of revenue out of Q4 and putting it into inventory, into new products, then that's what we'll do." Supply shortages and the slow opening of retail cannabis stores in some parts of Canada have plagued the industry since consumer legalization last October. Ottawa has indicated that edibles containing cannabis and cannabis concentrates would become legal for consumers in October, but the exact timing of product approvals and sales is still unknown.

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