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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 and cannabis-derivative products in Canada and internationally, and the propagation of vegetables and ornamental plants in North America. Its segments include Canadian Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol, IndiMed and CraftPlant. It also has a controlling interest in Bevo Farms Ltd., North America's supplier of propagated vegetables and ornamental plants in North America. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, TerraFarma Inc., Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others.


TSX:ACB - Post by User

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Post by saveyourselfnowon Aug 13, 2018 2:40pm
134 Views
Post# 28451433

HERE IT IS - TODAYS ACHILLES HEEL READ AND WEEP

HERE IT IS - TODAYS ACHILLES HEEL READ AND WEEP

Here it is TODAY'S ACHILLES HEEL

News from the Globe and Mail re. Ontario

The Ontario government is set to announce on Monday afternoon that it will open up the sale of recreational cannabis to private retailers, sources say, ushering in a dramatic policy shift that could see legal marijuana stores open next spring at the earliest.

Multiple sources in the cannabis and retail industries expect the new Ford administration to reveal that it will allow private companies to operate brick-and-mortar marijuana stores, leaving the provincial government to manage product distribution and online sales.

Ontario is targeting a launch date of April, 2019, for in-store sales, according to the sources, who all spoke on the condition of anonymity. One of these sources said Ontario is looking to award up to 500 licences for private retailing by next spring.

These changes come nearly two months before the federal government is set to legalize recreational marijuana on Oct. 17. Last month, The Globe and Mail first reported that Ontario is planning to scrap the existing retail model adopted by the Liberals that would have seen the government control all recreational cannabis sales through an arm of the Liquor Control Board of Ontario.

It is believed that Ontario municipalities will have a say over whether they want recreational pot shops in their communities and if so, where they can be located through their zoning bylaws. The major policy switch at Queen’s Park will come at a precarious time for Ontario municipalities, which are all months away from holding elections. This will strain the timeline even further as city councils are in flux.

The sources said that Ford government will also announce on Monday the start of a consultation process with industry stakeholders.


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