HOUSTON, TX / ACCESSWIRE / February 14,
2019 / Months after Canada legalized cannabis, the country is running low.
In fact, Aurora Cannabis Inc. CEO Terry Booth
says he "loses sleep" over the industry's ability to supply the
global market. "It will be at least five years until we have an
oversupply situation," he said, as quoted by The Financial
However, this is nothing new. Canada has been
struggling with cannabis shortages since
recreational cannabis was approved in October 2018. Provinces,
which control the distribution and sales of cannabis just aren't
seeing enough product from producers to meet demand.
That bottleneck is creating opportunity. In fact,
with demand outpacing supply, many investors are watching cannabis
stocks such as Blissco Cannabis Corp. (CNSX: BLIS) (OTCQB: HSTRF), Canopy
Growth Corporation (TSX: WEED)(NYSE: CGC), and Aurora Cannabis Inc. (NYSE: ACB).
Blissco Cannabis Corp. (BLIS)(HSTRF) is a Canadian wellness cannabis
brand based in British Columbia and a multi-licensed cultivator,
processor, and distributor of premium cannabis with sizable growth
"This is an exciting time for Blissco as we ship
more than 85,000 cannabis units in Canada over the next seven
weeks," said Blissco CEO, Damian Kettlewell. "Blissco's team is
committed to delivering innovative, quality assured full spectrum
cannabis products and providing personal and informative client
care. It is vital that we have the best team to make this vision a
The company also just announced the addition of
new Chief Technology Officer, Robin Killeen; Brand and Public
Relations Director Jennifer Engele; and Marketing Manager Cesar
For More Information on Blissco Cannabis
Corp., Click Here.
Canopy Growth Corporation
(CGC)(WEED) is quickly expanding its business, as
Most recently, the company announced it would
make a significant investment of $100 million and $150 million to
create a large-scale hemp production facility in New York over the
next 100 days. It's currently looking at sites in the Southern Tier
of the state, notes Bloomberg.
The company will release its third quarter
financial report today with investors looking forward to a read on
how it's done since Canada legalized recreational sales.
For More Information on Canopy Growth
Corp., Click Here.
Aurora Cannabis Inc. (ACB) is
racing to new highs after announcing it made substantial progress
on boosting its annual capacity. Production, noted the company,
increased 57% quarter over quarter to 7,822 kilograms thanks to
expansion projects at its Aurora Sky greenhouse.
In its most recent quarter, the company posted
C$54.2 million in revenue, an 83% increase quarter over quarter.
However, it also posted a loss of $237.75 million thanks to
investments in other cannabis companies. The bulk of its revenue
came from the 15,430 pounds of cannabis it sold, as compared to the
17,465 pounds of cannabis produced.
For More Information on Aurora Cannabis
Inc., Click Here.
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