RE:RE:Approvals add 1,000,000 square metres of capacityDonbgamecock wrote: Daredevil1964 wrote: There are now 195 holders in Canada. This week, we approved 7 new licence holders, 4 new licences for existing licence holders, and 5 site expansions.
The new holders are two additional sites for Aurora Cannabis Enterprises (AB and BC), Prime Pot Inc. (NS), Hearst Organic Cannabis Products (ON), Apollo Green Inc. (ON), Tricho-Med Corporation (QC), and The Flowr Group Inc. (BC).
The additional licences have been granted to Emerald Health Therapeutics Canada Inc. in BC (cultivation and processing) and Medical Marihuana Group Corp. (processing and sale for medical purposes) in ON.
Today’s approvals add almost 1,000,000 square metres of capacity to Canada’s growing cannabis industry.
Nearly 11 million more square feet. I there are more distribution points opening up.
Yup, and only the stong will survive. There will be a HUGE saturation of cannabis being produced a year from now in Canada. Extraction, oils, vapes, exports aside. Many companies will not be able to compete. Profits will be squeezed down, down, down as prices fall. If we are going to make some gains, they will have to be in this next year. Beyond that, you had better be holding one of the winners for the long term. (Aphria????). Remember: There are only Coke and Pepsi. You do not want to be holding RC Cola.