07:57:05 EDT Fri 29 Mar 2024
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CA



Aphria Inc
Symbol APH
Shares Issued 248,279,078
Close 2018-10-22 C$ 15.77
Market Cap C$ 3,915,361,060
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Globe says Aurora, rivals hear pot prices should fall

2018-10-22 08:28 ET - In the News

See In the News (C-ACB) Aurora Cannabis Inc

The Globe and Mail reports in its Saturday, Oct. 20, edition that weed prices should ultimately fall, just as they have in legal United States markets. The Globe's David Milstead writes that Denver-based Marijuana Policy Group (MPG) principal Adam Orens says, "I've seen this happen several times -- a handful of stores open, and there's a lot of interest." The MPG has done extensive examinations of U.S. markets and recently completed a demand study for Health Canada. "It takes time to roll out, just like in every other jurisdiction where it's been done, and I'm sure Canada will settle in to a system that will work." Mr. Orens saw no cause for alarm in last week's supply-demand imbalances and figures it will take "a year, at least, for things to have some sort of settling point." In Colorado, pot prices have declined by 66 per cent over almost five years because consumers had easy access to the product and enjoyed competitive prices. The MPG estimates Canadians will settle in at 926 tonnes of "flower equivalent," which comprises edibles and oils as well as smokable leaves. That is 271 tonnes higher than the midpoint of the range estimated by the Parliamentary Budget Officer.

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