20:10:04 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,020,378,291
Close 2019-10-09 C$ 5.47
Market Cap C$ 5,581,469,252
Recent Sedar Documents

FP/wire say Aphria, rivals hear illegal pot cheaper

2019-10-10 09:39 ET - In the News

See In the News (C-APHA) Aphria Inc

The Financial Post reports in its Thursday, Oct. 10, edition that Canadian pot smokers are finally getting some price relief almost a year after legalized recreational use. A Bloomberg dispatch to the Post reports that it is, however, still a lot cheaper to get the drug from illegal dealers. A gram of cannabis purchased from government-sanctioned sellers cost $10.23 in the third quarter, down 3.9 per cent from the prior three-month period, according to Statistics Canada. At the same time, the price for a gram of pot bought in the illicit market fell 5.9 per cent to $5.59. Statistics Canada has been publishing data on prices since before Canada legalized recreational marijuana in October, 2018. The latest reading was the first that showed a quarterly decrease in the cost of legal pot. Since legalization, illegal prices have fallen 12 per cent and legal prices have gained 4.9 per cent, even with the third quarter's decline.

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