Aurora Cannabis supplying Alberta: Less than one month after the Canadian government legalized cannabis, organizations are on the move and making connections with various licensed producers.
The latest is The Alberta Gaming, Liquor & Cannabis Commission (AGLC). On Thursday, the commission announced that it had selected 13 cannabis producers to work with. Of the 13, Aurora Cannabis made the cut.
Aurora Cannabis Supplying Alberta: One of 13
On July 5th, the AGLC disclosed that it had completed distribution agreements with 13 licensed cannabis producers.
When the commission first announced that it was looking for producers, 31 companies responded. However, only a handful were the right fit for the province of Alberta.
It isn't surprising that Aurora Cannabis was included on this list. Same goes for companies like WeedMD and Canopy Growth. What is surprising, however, is that only two of the selected companies currently have operations in the province. Those happen to be Aurora Cannabis and Canopy Growth.
That said, the VP and COO of AGLC, Niaz Nejad, said that the commission is dedicated to providing the "Alberta market with access to federally regulated cannabis in a safe and fiscally responsible manner." He then added that the AGLC is "confident that those we are working with will help fulfill our responsibilities."
This statement shows the AGLC took this decision seriously, selecting only the best of the best to meet their goals.
How is the Canadian Cannabis Market Reacting?
According to Google Finance, cannabis investors are reacting positively to the news of Aurora Cannabis supplying Alberta.
At 1:49 p.m. EDT, Aurora Cannabis (TSX:ACB) was trading at $9.42. This means the stock was trading at 1.29% at the time.
Meanwhile, others companies listed were in the green as well. At 1:51 p.m. EDT, Canopy Growth (TSX:WEED) was trading up 3.47%.
Producers Supplying Alberta with Cannabis: Full List
- ABCann Global (TSXV:ABCN)
- CannTrust (TSX:TRST)
- Canopy Growth (TSX:WEED)
- Aurora Cannabis (TSX:ACB)
- The Supreme Cannabis Company (TSXV:FIRE)
- Aphria Inc (TSX:APH)
- Maricann Group Inc (CSE:MARI)
- Emblem Cannabis (TSXV:EMC)
- Organigram (TSXV:OGI)
- MedReleaf Corp (TSX:LEAF)
- UP Cannabis Inc - owned by Newstrike (TSXV:HIP)
- WeedMD (TSX:WMD)
- Starseed Medicinal Inc - owned by Cannabis Care Canada (private)
The Takeaway
What do you think about the news of Aurora Cannabis supplying Alberta with cannabis? Do you think it makes sense, considering the hype surrounding Aurora Cannabis?
Featured Image: Twitter
