Investor Ideas Talks to Canopy Growth (TSX: $WEED.TO)
and Aurora Cannabis Inc. (TSX: $ACB.TO) at Lift Cannabis Expo
Point Roberts, WA, Delta BC – January 17, 2018–
Investorideas.com, a global news source and investor resource covering cannabis
and hemp stocks releases an exclusive podcast interview with Canopy Growth
Corporation (TSX:
WEED) and
Aurora Cannabis Inc. (TSX:
ACB) at the recent Lift Cannabis Expo in
Vancouver.
The Lift Expo is Canada’s meeting place for
cannabis January 13-14th, 2018 at the Vancouver Convention Centre. (https://liftexpo.ca/expovancouver18/)
One of the event’s title sponsors was
Tweed, a subsidiary of Canopy Growth Corporation (TSX:
WEED). Their Quebec Brand Manager, Adam
Greenblatt was at the event, and said the company has secured agreements with
some provinces to better position for the retail market.
“We’ve already signed supply agreements
with Newfoundland & Labrador and New Brunswick,” he said. “In Newfoundland
& Labrador we’re going to have the ability to run our own retail shops,
which is interesting and kind of unique relative to what’s going on in other
provinces.”
Greenblatt said the retail experience will
vary between provinces, but that the company is focusing on setting up large
scale production.
“We may be looking at a mixed system in
B.C., private in Saskatchewan and Manitoba, we’ve obviously got the crown
corporations in Ontario and Quebec so there’s different things to work on in
each province,” he said. “Really what we’re trying to do is get production
established in each of those major provinces. We’ve got three million square
feet of greenhouse in B.C. right now that we’re converting. We just did a joint
venture in Quebec with the largest pink tomato producer in North America. We’re
going to be turning their greenhouse into a cannabis production facility as
well.”
Another exhibitor and platinum sponsor of
the Expo was Aurora Cannabis Inc. (TSX:
ACB), a licensed producer of medical cannabis.
Aurora Cannabis’s Manager of Communications, Shea Dewar, said the company is
concentrating on production to anticipate the demand following legalization of
cannabis.
“One of the big things we’re focusing on is
that we have enough supply to meet the demand of the recreational market or
adult-use market once that comes into play,” he said. “Right now we’re building
Canada’s largest indoor greenhouse just outside of the Edmonton airport.
800,000 square feet, it’s going to be able to produce over 100,000 kilos a year
once it’s finished. It’s called Aurora Sky.”
Regarding the event, Dewar noted the
expansion of exhibitors and attendees and how it reflects the development of
the cannabis sector.
“I think I’ve been to half a dozen Lift
expos and this is clearly the biggest one,” he said. “The amount of people and
the variety of people that are coming in have really shown the growth of the
industry and the changing dynamics in the way people are viewing cannabis in
general.”
Greenblatt said in the next year we should
see greater accessibility in the cannabis space as well as considerable
industrial growth.
“2018 looks like adults finally having
access to cannabis in a retail environment and it looks like massive expansion
on the production end.” he said.
By Samuel Mowers, Investorideas.com
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