Aurora Cannabis Inc T.ACB

RE:Aurora fera des réserves pour les comestibles

[Pinotblanc]

naissance wrote: https://www.lesaffaires.com/bourse/analyses-de-titres/bourse-titres-en-action-16-mai-2019/610330

Bing translation;

Aurora cannabis (ACB, $11.67) increases its reserves in anticipation of the legalisation of edible products and cannabis products, next fall, but insists that this does not interrupt the growth of its sales and its March towards profitability.

Production is expected to reach 25 000 kilograms during the current quarter, which will expire on 30 June, but an unspecified portion will be withheld outside the market, said Wednesday the producer's CFO, Glen Ibbott. "What we are trying to do is to learn from the challenges experienced by the industry last year and the initial launch of legalisation, we must have sufficient reserves to launch these products properly," he explained at a conference call to discuss the company's third quarter financial results. "So if it involves a little bit of the fourth quarter turnover to stock up on new products, then that is what we will do."

Supply shortages and the slow opening of cannabis stores in parts of Canada have undermined the industry since the legalization of cannabis's recreational use in October. Ottawa indicated that food products containing cannabis and cannabis concentrates would be legalized in October, but that the exact timing of product approval and sale remained unknown.