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weedisgreen

12/16/21 8:44 AM

#69289 RE: mr green239 #69288

Yeah, all the Canadian cannabis companies don't seem to really know this.
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weedisgreen

12/16/21 8:55 AM

#69291 RE: mr green239 #69288

Also, that's awesome to see as it again pointe out why it was a good move for Aurora not chasing that market! Low volume high profit things. Did you see the article where big pharma is now buying medical canabis companies? I didn't look over the details...might be bad or good, but that sale was for 4 billion just a couple days ago.
....so good for acb not chasing this crap.
"Meanwhile, business is getting tougher back in Canada where a glut of licenses has led to overproduction. Indoor cultivation now covers 18.7 million square feet, enough to supply 200% of the country’s demand, according to a recent report by brokerage Stifel. More than 500 marijuana companies are now slugging it out for market share, making it harder for Canada’s heavily loss-making cannabis companies to become profitable."