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Aurora Cannabis Inc T.ACB

Alternate Symbol(s):  T.ACB.WS.U | ACB

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company's principal business lines are focused on the production, distribution, and sale of cannabis related products in Canada and internationally. The Company’s segments include Canadian Cannabis, European Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol and CraftPlant. Its cannabis products are primarily cultivated and manufactured in the facilities in Edmonton, Alberta; Bradford Ontario; Pemberton, British Columbia, and Odense, Denmark. The Company is focused on offering its cannabis products to global medical cannabis market, recreational cannabis market and global hemp-derived cannabidiol (CBD) markets.


TSX:ACB - Post by User

Bullboard Posts
Post by duediligence123on Apr 12, 2018 8:39pm
236 Views
Post# 27876901

Canada’s cannabis oil exports rise 300%, boosted by Germany.

Canada’s cannabis oil exports rise 300%, boosted by Germany.Exports of medical cannabis oil from Canada had a breakout year in 2017 – and executives say it is just the start for a massive new overseas market.

In 2016, 100.8 kilograms of cannabis oil were shipped overseas. That jumped to 400.4 kilograms in 2017, as more countries legalized MMJ.

Cannabis oil has more upside potential than that of flower, analysts and executives say, because:

  • Oil allows for different forms of administration by patients.
  • Oil is easier and cheaper to transport overseas.
  • Many countries limit the form of medical cannabis that can be used, but oil is broadly allowed.

Germany leads

Germany, which is on track to become one of the world’s largest medical marijuana markets this year, imports more MMJ from Canada than any other country in lieu of domestic cultivation.

And that’s not expected to change any time soon, as a German court slammed the brakes on the country’s domestic cultivation plan in late March.

As a result, exporters from Canada and the Netherlands will have an even bigger head start over domestic production.

Germany took in 169 kilograms of medical marijuana oil from Canada in 2017. That was followed closely by Australia (145 kilograms), Croatia (37 kilograms) and the Cayman Islands (23 kilograms).

Canadian medical marijuana is already accessible by most of Germany’s 20,200 pharmacies from suppliers like Aurora.

The European Union's largest economy expects to rely on imports to meet cannabis demand for at least a decade.

https://mjbizdaily.com/canadas-cannabis-oil-exports-rise-400-boosted-by-german-demand/
 

 

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