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Thursday, 01/31/2019 1:39:30 AM

Thursday, January 31, 2019 1:39:30 AM

Post# of 9635
Organigram CEO says Canada’s struggles with cannabis shortages will likely continue for two years
Recreational pot sales are off to a strong start for Organigram Holdings Inc., and Chief Executive Greg Engel said he expect sales to double in the first full quarter of legal marijuana sales in Canada.
Organigram’s strong results suggest that other cannabis companies could generate the kind of sales that led to swollen market capitalizations across the sector — if they can overcome issues that have been plaguing the industry in Canada. Over the past year, licensed cannabis producers in Canada have struggled with crop failures, licensing challenges and lower-than-expected cannabis yields as they attempt to reshape a sector that was outlawed for nearly a century in Canada.