4 new markets! Four new markets!
The aggressive ACB has signed new annual supply agreements with four new authorities, namely Yukon, Manitoba, Prince Edward Island and Newfoundland and LabradorYukon, Manitoba, Prince Edward Island and Newfoundland and Labrador, and this is huge.
Aurora’s provincial wins have risen to nine, and the company now has access to about 98% of the Canadian population to present its cannabis offerings to. The wider the distribution network, the better.
At 63,000 kilograms in revealed contracted volumes for the first year of adult use sales, the company was closely trailing behind Canopy on contracted volumes, yet with fewer provincial wins.
The latest additions to the distribution portfolio could potentially match the leader’s announced deal volumes, especially considering MedReleaf’s two undisclosed contract volume deals in Alberta and British Columbia, as well as Aurora’s then unannounced win in British Columbia.
That said, Ontario agreements for both companies could significantly tear them apart, just as the Alberta deals did to Aurora’s portfolio. Hopefully, Ontario will come forward with contract volumes shortly, but Aurora may have significantly covered the volumes gap with the market leader.
ACB still REALLY CHEAP!!! not overvalued balloon like others!!