06:51:04 EDT Fri 29 Mar 2024
Enter Symbol
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USA
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Emerald Health Therapeutics Inc
Symbol EMH
Shares Issued 141,698,114
Close 2019-02-01 C$ 3.56
Market Cap C$ 504,445,286
Recent Sedar Documents

NP says Canopy, others see inventories improving

2019-02-01 09:42 ET - In the News

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

The National Post reports in its Friday edition that C.D. Howe economist Rosalie Wyonch projects that dried cannabis and oil inventory levels as of December are enough to satisfy "about 3 months of domestic demand." The Post's Vanmala Subramaniam quotes Ms. Wyonch as saying: "Compared to my original projections before legalization, production rates, the number of new producers and inventory have all increased faster than I expected. If they maintain the current pace of expansion, it is highly likely there will be enough supply to satisfy demand in all of Canada very soon." Those projections also appear to be in line with government messaging regarding cannabis supply. Bill Blair, Minister of Border Security and Organized Crime Reduction, recently tweeted that based on Health Canada's most recent data, there is "sufficient supply to meet and exceed existing demand." In December alone, 7,252 kilograms of dried cannabis were sold, and 7,127 litres of oil were sold in both the recreational and medical markets, although far more oil was bought by medical patients than recreational consumers. The Post notes that total finished inventory that month was 19,085 kg of dried cannabis, and 38,829 litres of cannabis oil.

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