Expect Cannabis to Be 'Sold-Out' Across Canada, Says Aphria

Expect Cannabis to Be 'Sold-Out' Across Canada, Says Aphria

"There will not be any complete satisfaction by any of the provincial regulators out of the box," Aphria's CEO says.

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October 15, 2018
CBC News

Licensed cannabis producer Aphria Inc. warned on Friday of product shortages in both brick-and-mortar stores and online sales portals across the country when recreational pot is legalized in a few days.

 

There are "supply chain issues abounding everywhere with every LP," said Aphria's chief executive Vic Neufeld told analysts.

 

"There will not be any complete satisfaction by any of the provincial regulators out of the box," he said during a call to discuss the Leamington, Ont.-based company's latest earnings. "The pipeline fill is not going to be there. But that's just the short term."

 

"Sold-out signs" on online cannabis sales portals across the country are likely, he added.

 

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Top photo courtesy of Adobe Stock