06:22:43 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,014,099,913
Close 2019-05-30 C$ 10.80
Market Cap C$ 10,952,279,060
Recent Sedar Documents

Post says Aurora, others hear non-pot-users not tempted

2019-05-31 09:07 ET - In the News

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

The Financial Post reports in its Friday edition that Canadians who have still yet to try cannabis are unlikely to experiment with the drug any time soon, according to data released by public affairs firm Hill + Knowlton Strategies. The Post's Vanmala Subramaniam writes that the firm polled 1,500 adults this month on their behaviour and attitudes toward cannabis and found that only about 10 per cent of "rare" users and "non-consumers" expect to try cannabis in the future. The poll comes after Statistics Canada concluded that the number of first-time users was up drastically in the first quarter of 2019 as compared with the year prior. Between January and April, according to the agency, there were 646,000 first-time cannabis users -- nearly double that of early 2018. Getting access to cannabis at brick-and-mortar stores has also been slow; Ontario only allowed a limited number of retail stores to open at the beginning of April. Despite the rocky start, cannabis inventories are slowly piling up. A recent report from Scotiabank predicts that the domestic cannabis market will become "heavily oversupplied" in the medium to long term, despite surging demand. Most consumers are still using the black market for supplies.

© 2024 Canjex Publishing Ltd. All rights reserved.