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Replies to post #69062 on Aurora Cannabis Inc (ACB)
08/20/21 9:39 AM
The BC-based cannabis grower recently announced the completion of the 2021 planting season with a total of 70,000 plants. This brings Speakeasy one step closer to its goal of increasing last year’s historical harvest by 100 percent to 140,000 KG.
“June 2020 was the coolest, wettest season on record while June 2021 was the hottest and driest. The extremely high temperatures had a dramatic effect on many agricultural crops in Western Canada this year, but thankfully cannabis is a heat-loving plant. Given enough water, they thrive in very warm weather.
2020 harvest totalled 72,000 kg with a crop achieving flower potency of 15-18 percent THC and with a cost of about 4 cents a gram.
2021 planting season maximized by following a number of key steps. The cannabis grower used more mature clones that are further in the growing process and also increased the plant density per square foot.
“Our goal from day one was focusing on what the consumer wants,” said Green. “We didn’t follow the formula of being the biggest producer in terms of square footage or output. Many companies suffered after legalization because they got too big too fast and they didn’t focus on consumer demand.
“Now, SpeakEasy has one of, if not, the lowest cost of cultivation of $0.04 per gram from our outdoor field. This allows us to enter the market and competitively price a majority of our products while maintaining significant margins.”
“Our amended sales licence for cannabis extracts is on the way. This licence will allow us to participate in the rapidly-growing extracts market”
“After this harvest, we will be focusing on expanding our craft cannabis space to keep up with the current demand for premium flower.”
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