07:44:39 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,020,378,291
Close 2019-11-21 C$ 4.14
Market Cap C$ 4,224,366,125
Recent Sedar Documents

FP says Aurora, rivals fed up with Ontario monopoly

2019-11-21 09:43 ET - In the News

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The Financial Post reports in its Thursday, Nov. 21, edition that the Ontario Cannabis Store will move ahead with a "hybrid" wholesale model that will allow the private sector to be involved in storing and distributing cannabis, according to an e-mail obtained by the Post, sent by the Crown corporation to licensed producers on Tuesday. The Post's Vanmala Subramaniam writes that the move comes in response to "feedback" provided from producers to the OCS, many of whom had demanded more involvement in the distribution of cannabis -- which is now controlled solely by the OCS -- to maximize cost-efficiencies. "The OCS is moving ahead with expanding its privately-operated third party centralized distribution network and will introduce flow-through capabilities to the network over time to maximize choice for consumers," the e-mail stated. "It is expected that these activities will continue to drive cost efficiencies for the industry and result in ongoing expansion of product assortment and service levels." The OCS had been consulting with licensed producers over the past month on various changes to the current system, which designated the OCS as the exclusive wholesaler and distributor of legal recreational cannabis in Ontario.

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