12:02:45 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



CannaRoyalty Corp
Symbol CRZ
Shares Issued 52,885,695
Close 2018-06-28 C$ 4.77
Market Cap C$ 252,264,765
Recent Sedar Documents

Globe says Aphria, rivals see OCS press for price cuts

2018-06-29 06:13 ET - In the News

See In the News (C-APH) Aphria Inc

The Globe and Mail reports in its Friday, June 29, edition that unnamed sources say the Ontario Cannabis Store (OCS) is putting pressure on some weed growers to reduce prices to better ensure store retail prices are low enough to compete with the illicit market. The Globe's Christina Pellegrini writes that sources say the OCS is pushing for some strains of flower to be available to consumers at a retail price of about $7.50 a gram, including taxes. Companies made submissions to the OCS last month, outlining the product selection they have to offer and the wholesale prices at which they are willing to sell. Sources say the OCS was unsatisfied with the producers' prices for what the government considers entry-level cannabis. The OCS is in the process of haggling with growers in a bid to keep retail prices low without sacrificing its own margins, sources say. It is unclear whether the OCS, which has been touring production facilities and meeting with companies for weeks, will be able to persuade growers to lower their wholesale prices to a point at which both parties are content with their cut of the pie. Some sources believe that the threat of a supply shortage could hurt the OCS's bargaining power.

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