02:06:08 EDT Fri 19 Apr 2024
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Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,020,378,291
Close 2019-10-11 C$ 4.86
Market Cap C$ 4,959,038,494
Recent Sedar Documents

FP says Canopy, rivals hear pot black market doing well

2019-10-15 09:03 ET - In the News

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

The Financial Post reports in its Saturday, Oct. 12, edition that the legal weed market has only supplanted 14 per cent of the black market since legalization on Oct. 17, 2018. The Post's Vanmala Subramaniam writes that there is no shortage of answers to the question of what went wrong in the cannabis industry's disappointing first year -- among them, mediocre product quality, uncompetitive pricing and a heavy regulatory burden. Ms. Subramaniam says there is plenty of blame to go around. Stoic Advisory boss Aaron Salz says one of the biggest problems was that the industry's early focus on scale -- something that others agree was largely a symptom of the push to raise capital ahead of legalization -- distracted it from other important considerations. He says: "There had been such a focus on scale over everything else, that quality in particular got left behind. I think the first miscalculation that took place was when larger companies presumed that if they got the big supply agreements and they were first to market, they would capture all this early market share and that would be a huge advantage for them in the future." Canopy Growth and Aurora Cannabis were unable to keep up a regular stream of product.

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