Canada's Potential Cannabis Demand and Supply Issues Heating up Heading Into the Summer (posted on fidelity.com)
BY PR Newswire
— 8:45 AM ET 06/18/2018
PALM BEACH, Florida, June 18, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Major developments taking place in the legal cannabis industry in North America, particularly Canada. Canada is just about on the cusp of legalizing recreational marijuana through Bill C-45, which is best known as the Cannabis Act that is highly anticipated to be signed into law very soon. The long enduring process and expected legalization of recreational cannabis is a long time coming for marijuana industry as a whole. The long process for the Bill C-45 first made its way to Canada's Senate just about 14 months ago, and was only voted on after numerous debates, speeches, and amendments just recently. Industry experts are not certain what the demand and supply picture will look like in Canada because it often takes Health Canada a long time to issue cultivation licenses and sales permits. But either way, as the long waited day approaches, active companies in the industry are making moves to ready that include:
Aphria Inc. ( APHQF
) has appointed Joel Toguri as vice-president of sales, effective on June 18, 2018. Mr. Toguri joins the company from Southern Glazer's of Canada, where he was vice-president of sales and operations since 2013. "We're thrilled to bring Joel's incredible talent and considerable experience to Aphria ( APHQF
)," said Jakob Ripshtein, chief commercial officer at Aphria ( APHQF
). "Over many years, Joel has developed a proven track record of driving sales, generating growth and delivering results. His experience in building Southern Glazer's in Canada and his deep familiarity with our exclusive sales distribution partner will help to ensure Aphria's ( APHQF
) brands and products are successfully represented by cannabis retailers throughout the country."
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