Canadians Spent Big Money on Cannabis Products in 2020, and New 2.0 SKUs Could Boost Sales Higher
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: PR Newswire
NEW YORK, March 3, 2021 /PRNewswire/ -- After overcoming some significant roadblocks since legalization in 2018, the Canadian regulated cannabis industry had a huge year in 2020. Canadians more than doubled their purchases from 2019, buying $2.6 billion worth of cannabis and cannabis products last year—a 120% increase year over year. While lockdowns stemming from the public health crisis undoubtedly gave a major boost to the industry's growth, the increases also represented a maturation of its providers gaining footing and beginning to overtake the black market. Under the 'Cannabis 2.0' banner, cannabis companies were able to roll out an expanded list of regulated products, with perhaps the biggest benefactors being the extractors, including Pure Extracts Technologies (CSE: PULL) (OTCPK: PRXTF), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), Aphria Inc. (NASDAQ: APHA) (TSX: APHA), Hexo Corp. (NYSE: HEXO) (TSX: HEXO), and Canopy Growth Corp. (NASDAQ: CGC) (TSX: WEED).More products are po
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ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website