Alberta announces suppliers
As the governments of individual provinces in Canada get ready for the first recreational cannabis sales in October 2018, the AGLC (Alberta Gaming, Liquor & Cannabis Commission) announced its list of producers that will supply cannabis to the province.
The 13 winners
Out of 31 applications, only 13 won bids to supply cannabis to the province of Alberta. While the Alberta Government news release didn’t specify how much it will receive annually, Canopy Growth (WEED)(CGC) announced that it will supply over 15,000 kilograms of cannabis to Alberta. However, the company stated that this will only support the first six months of the province’s recreational cannabis demand. Canopy Growth also has supply agreements with five other provinces to supply a total of 61,500 kilograms of cannabis annually.
Aurora Cannabis (ACB) (ACBFF) announced that it will allocate about 25,000 kilograms of cannabis (HMMJ) to cover the first six months of sales in the province. Aphria (APHQF) announced that it will supply just about 870 kilograms of product.
In the coming months, we’ll likely see more updates about similar supply agreements from other provinces, especially Ontario, which is one of the largest markets in Canada.