Terry Booth says it will be at least five years until marijuana supply overtakes demand.
Aurora Cannabis Inc.’s Chief Executive Officer Terry Booth told analysts and investors on an earnings call that he “loses sleep” over the industry’s ability to supply the global cannabis market.
“It will be at least five years until we have an oversupply situation,” said Booth on Monday, in response to a question by Canaccord Genuity analyst Matt Bottomley on the company’s pricing strategy.
The Edmonton-based company kicked off a major week in cannabis company earnings with revenue that largely met analysts’ expectations — it generated $54.2 million in revenue in the second quarter ending Dec. 31 2019, an 83 per cent increase from the previous quarter.
– Read the entire article at Financial Post.