Aurora Cannabis – 2020 Catalysts Continue To Fade Into Mid-Year

Aurora Cannabis – 2020 Catalysts Continue To Fade Into Mid-Year

The hope for a big rebound in the Canadian cannabis market continues to fade towards mid-2020. Aurora Cannabis (ACB) was positioned for a boost from Cannabis 2.0 sales, but the lack of Ontario stores, slow distribution and restrictions by other provinces will put a damper on initial sales. In addition, the global growth story is fading just as fast, delaying any imminent sales gains until mid-year. Lack Of Ontario StoresWith a robust assortment of Cannabis 2.0 products becoming available to consumers on December 17, Aurora Cannabis faces a double whammy as Ontario slowly moves forward with new stores in 2020. The Alcohol and Gaming Commission of Ontario (AGCO) recently announced a plan that will license about 20 new stores per month beginning next April, but the market was hoping the province would move forward with up to 40 stores per month starting in January.The new plan won’t see Ontario cross 100 cannabis stores until next summer, while the smaller Alberta province already has over 350 stores. The problem for Aurora Cannabis is that the company has limited Ontario stores to sell product as it hits the market with new vapes, edibles and beverages. The new product formats won’t find a…

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