TSXV:RTI.H - Post by User
Post by
risetothetopon Jun 10, 2019 6:31am
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Post# 29810793
Pax labs vape oil agreement with Aurora
Pax labs vape oil agreement with AuroraAphria Inc. (APHA.TO), Aurora Cannabis Inc. (ACB.TO), Organigram Holdings Inc. (OGI.V), and Supreme Cannabis Co. (FIRE.TO) will supply Pax with cannabis extracts, distillates, and resin for its Pax Era pen-and-pod vape system, a device similar to the Juul product which is a dominant player in the U.S. nicotine vape market.
Article listed here: https://www.bnnbloomberg.ca/pax-labs-partners-with-4-canadian-pot-firms-to-meet-vaping-demand-1.1270201
PAX Labs expects to generate EBITDA of $13 million on revenue of $113 million for this year and see itsrevenue increase to $1.2 billion by 2023, according to The Information, which cited information in the investor presentation materials.
I don't think I need to spell this one out and I'm hoping most will connect the dots......