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Bullboard - Stock Discussion Forum Beyond Medical Technologies Inc C.DOCT

Alternate Symbol(s):  DOCKF

Beyond Medical Technologies Inc. is a Canada-based company. The Company has no business operations and has no revenue. The Company is seeking new business opportunities.

CSE:DOCT - Post Discussion

Beyond Medical Technologies Inc > Too Much Cannabis Article Posted on Aurora Board.
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Post by ScarletSpider on Nov 10, 2019 2:18pm

Too Much Cannabis Article Posted on Aurora Board.

here is an article talking about what I had about too much cannabis available right now--but i strongly believe we don't need to worry because of having a process that makes production responsible and environmentally friendly as well as an equilibrium will be reached as the products will find their way not only in North America but around the world I am sure that will happen. People on the Aurora website are talking about Australia for instance so, this is just the natural growing pains of a newly emerging and embroynic space all to be expected.

Too much weed: Canadian cannabis producers are sitting on a mountain of inventory, and it's making some industry watchers nervous

'I suspect it’ll be a race to the bottom with price because everyone now has more than enough supply'


Canadian cannabis producers and extractors are sitting on a massive stash of unfinished inventory that is growing so quickly that some analysts are concerned it could precipitate a price crash in the burgeoning industry.

Since January of 2019, the amount of unfinished inventory of dried cannabis has nearly tripled, reaching a staggering 328,000 kilograms at the end of August. That compares to roughly 118,000 kilograms eight months earlier, according to Health Canada data.

Health Canada defines unfinished inventory as the amount of cannabis held in stock by a “cultivator or processor that is not packaged, labelled and ready for sale.” It defines finished inventory, a figure pegged at 60,872 kilograms at the end of August, as product ready for sale that is held in the warehouses of provincial wholesalers and licensed producers.

With sales of dried flower reaching just 13,000 kilograms in August, that means total inventory tracked by Health Canada was nearly 30 times the industry’s monthly sales rate.

Comment by sdjkfadKJFDLGSL on Nov 10, 2019 2:31pm
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Comment by sdjkfadKJFDLGSL on Nov 10, 2019 5:18pm
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Comment by sdjkfadKJFDLGSL on Nov 10, 2019 8:23pm
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