02:48:37 EDT Fri 29 Mar 2024
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Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,089,513,408
Close 2019-12-10 C$ 3.32
Market Cap C$ 3,617,184,515
Recent Sedar Documents

Globe says Canopy, rivals see N.B. put consumers last

2019-12-11 08:46 ET - In the News

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

The Globe and Mail reports in its Wednesday, Dec. 10, edition that when New Brunswick announced plans to privatize Cannabis NB, Finance Minister Ernie Steeves said, "Government shouldn't be in the business of business." The Globe's Rita Trichur writes that she could not agree more with Mr. Steeves. New Brunswick plans to replace its government monopoly with a private one, putting to bed the notion that consumers come first. The proposed privatization is already shaping up to be a boon for illicit dealers and a blight for consumers eager to stay on the right side of the law. Mr. Steeves has acknowledged that Cannabis NB failed because of high prices and its inability to undercut the black market. Even so, the province is opting for "a single private operator" to take over Cannabis NB's operations. Interested parties have until Jan. 10 to submit proposals. The private sector has expressed "significant interest." The Globe says there is no guarantee that prices for legal products will actually decline after privatization. Gardener Roberts lawyer Ian Blue says, "The cost of legal marijuana is higher than the cost of black-market marijuana, and the quality of legal marijuana is not as good as the illegal product."

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