15:16:16 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,168,958,296
Close 2020-02-28 C$ 1.81
Market Cap C$ 2,115,814,516
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NP says Aurora's home province Alta. leads the country

2020-03-02 07:45 ET - In the News

The National Post reports in its Saturday edition that Alberta has been celebrated as the country's fastest-growing cannabis market. The Post's Sam Riches says that the Sunshine Province led the nation in sales in the first year of legalization and it continues to outpace every province in retail operations. There are more than 400 cannabis retail stores in Alberta, compared with fewer than 40 in Ontario. Alberta has also attracted significant investment from some of the country's largest licensed producers, including Aurora, which moved to Medicine Hat in 2018 with plans to build the world's largest cannabis greenhouse. Aurora, which laid off 500 workers in February, has since slowed construction at that site. The operation was once touted as having the potential to bring 600 jobs, but 100 jobs is more likely. Pot, however, has been a money-losing proposition for the province. Alberta is expecting to lose $26-million in the sector in the current fiscal year as foundational investments in retail systems, administration and inventory continue to outpace revenue. A 20-per-cent tax will be applied to vaping products, including cannabis liquids. Edmonton could soon be the first city in the country to allow cannabis cafes.

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