30% of products sold through the Ontario Cannabis store are Aurora
The CEO of one of Canada’s largest licensed cannabis producers is reassuring investors that his company is not “sold out” of product, and will be “more than able” to simultaneously meet demand for recreational weed while also servicing its medicinal and international markets.
“Am I sold out? We wouldn’t sell out, we have budgeted a certain amount of cannabis for distribution every month. Who would sell out of cannabis?” said Terry Booth, CEO of Aurora Cannabis, emphasizing that his company has been replenishing its orders to all jurisdictions with which it has supply agreements.
Booth made the comments after the Edmonton-based producer reported first-quarter earnings Monday, giving investors the first glimpse into how major cannabis companies are performing in the post-legalization era.
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