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ALBERTA’S CANNABIS REALITY: IT’S THE ECONOMY STUPID

In a province where billionaires made it big gambling on petroleum, Aurora Cannabis is betting on a new kind of oil in Alberta. Recreational cannabis sales go legal in the land of the maple leaf on October 17th and Aurora has the munchies for market share. Recreational? Aurora isn't blowing smoke in boasting a market cap of about $4.3 billion. It will be on the forefront of a new technology to extract cannabis oil at an industrial scale. Along with a second site in Medicine Hat, the company is set to produce 200,000 kilos of marijuana per year. The Budweiser of weed - that's Aurora's aspirations as the leading provider of marijuana in the world. Are we about to smell…
Bob Jones
October 12, 2018