Cannabis Cultivation Seen as $22 Billion Operation in Next Three Years
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: PR Newswire
PALM BEACH, Florida, May 21, 2019 /PRNewswire/ -- Cannabis cultivation operations are exploding in both Canada and the U.S. due the projected demand and potential shortages if operations are not increased. Farming operations are blossoming all over Canada and the west coast of the U.S., but the rest of the U.S. is looking to expand acreage also. An article on new operations said: "Other owners of tens of thousands of acres of preserved agricultural land (in northeastern U.S.) are betting on a bill that's working it's way through the state Legislature that will allow them to join a business that's expected to be worth $22 billion by 2022. The demand for CBD products is exploding. At the moment the demand is far outpacing the supply," said Heather Darby, a hemp expert at the University of Vermont Extension who has advised agricultural officials and prospective hemp cultivators in Massachusetts. Farmers and businesses are scaling up production quickly and moving from producing an acre to
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ACB
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- 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