00:05:21 EDT Thu 25 Apr 2024
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Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,014,099,913
Close 2019-07-24 C$ 8.59
Market Cap C$ 8,711,118,253
Recent Sedar Documents

Globe says Canopy, rivals see Quebec ban some edibles

2019-07-25 07:56 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Globe and Mail reports in its Thursday, July 25, edition that companies ramping up for the highly anticipated cannabis edibles market will find some products nixed by government regulations, with Quebec banning cannabis chocolates, jujubes and other sweets. The Globe's Stefanie Marotta writes that less than five months before edibles are expected to hit store shelves, Quebec said on Wednesday that it would ban cannabis products that could appeal to minors, such as cannabis candies, confections and desserts, including chocolate. The move could keep some food and beverage companies from selling their products in the province. Cannabis companies eyeing the edibles market -- which Deloitte values at about $2.7-billion a year -- have already started preparing to stock shelves with desserts and candies. Canopy Growth partnered with Hummingbird Chocolate to produce cannabis-infused chocolate. The federal government said in June it will not allow the sale of food and beverages that could appeal to young people but would assess products on a case-by-case basis. Ottawa will legalize edible products on Oct. 17, but it will take at least another 60 days for products to hit the shelves.

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