Categories Cannabis

Aurora, Canopy Growth to be the biggest gainers in Cannabis 2.0

Both Aurora Cannabis (NYSE: ACB) and Canopy Growth Corporation (NYSE: CGC) have reported disappointing quarterly results in the most recent quarter. Share prices have also mostly seen declines in the past six months for both firms.  

However, it may not be the right time to ditch these marijuana giants – Canada’s second round of legalization, fondly called Cannabis 2.0, holds abundant growth opportunities for both firms.

Canopy Growth Co-CEO Bruce Linton exits
Image by Rex Medlen from Pixabay

What is Cannabis 2.0?

About a year ago, Canada passed a revolutionary cannabis bill, legalizing weed’s use for medical and recreational purposes. However, only cannabis seeds, oil, and flower came under the ambit of legal recreational weed.

On October 17 this year, Canada will pass another round of legalization, which includes marijuana-infused edibles, extracts, beverages, and a few other products. Both Aurora and Canopy Growth have already been preparing to take on this new market for some time through research and investments. It’s time to reap the benefits from these efforts.   

According to Deloitte, the market for cannabis-based products, which includes gummies, chocolates and cookies, is set to touch CAD 2.7 billion annually. Meanwhile, these products are set to hit the shelves only by December as the legislation requires cannabis producers to notify Health Canada about the products two months before kick-starting sales.  

READ: The Cannabis-beverage industry is something you don’t want to miss this year

Aurora Cannabis

Aurora’s primary focus will be on vape products. The company already has a licensed CBD oil product line that is vape ready, which should give it a proper headstart in the industry. Separately, it has inked a deal with American vaporizer company Pax Labs to sell its products in Canada. The agreement could be extended to CBD-based vapors once Cannabis 2.0 is in place.

But Aurora’s efforts are not restricted to vapors. It’s Health Canada licensed Aurora Air facility will start producing chocolates, gummies, and other edible products starting December. Meanwhile, its 300,000-sq foot Aurora Polaris facility, which is expected to be functional by the end of 2019, will produce baked foods and beverages.

aurora cannabis q4 2019 earnings results

Canopy Growth Corporation

If there is any company that has been more focused into Cannabis 2.0 than Aurora, it’s none other Canopy Growth Corporation. Though Canopy Growth is also looking to take on the vape industry, its primary focus will be on beverages and edibles, driven by the partnership with Constellation Brands (NYSE: STZ).

It has a bottling plant functioning in Ontario, besides Hummingbird as an in-house CBD-chocolate manufacturer. The $9-billion investment it received from constellation brands last year was mostly used up to leverage Canopy’s food products ambitions.

canopy growth Q1 2020 earnings results

Looking beyond these two marijuana giants, Hexo Corp (NYSE: HEXO) and OrganiGram Holdings (NASDAQ: OGI) are two firms that are poised to benefit from Canada’s second round of legalization.  Keep a close tab on them.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Most Popular

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

CrowdStrike: Why this cybersecurity stock is a good investment for 2023

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the

CRM Results: Salesforce Q3 earnings beat; revenues rise 14%

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,


  1. Pingback: teak furniture
  2. Pingback: ไฮโล
  3. Pingback: Heavy News
  4. Pingback: Heavy-R
  5. Pingback: ffh4x v41
  6. Pingback: ff tools hack apk
  7. Pingback: ThopTV APK Pro
  8. Pingback: cheap
  9. Pingback: kruideniertje
  10. Pingback: ff tools pro
  11. Pingback: Epaviste gratuit
  12. Pingback: Epaviste
  13. Pingback: épave automobile
  14. Pingback: Epaviste gratuit
  15. Pingback: Epaviste
  16. Pingback: Epaviste
  17. Pingback: Epaviste gratuit
  18. Pingback: Epaviste
  19. Pingback: Epaviste
  20. Pingback: naza
  21. Pingback: sexy
  22. Pingback: เว็บ123
  23. Pingback: เว็บ123
  24. Pingback: คาสิโน
  25. Pingback: thc edibles
  26. Pingback: Buy Weed Online
  27. Pingback: ps 5 for sale
  28. Pingback: WordPress Hosting
  29. Pingback: Kindness T-Shirt
  30. Pingback: iwermektyna
  31. Pingback: ivermectine
  32. Pingback: cali weed
  33. Pingback: ivermectin ken
  34. Pingback: ivermectin 200mg
  35. Pingback: DESERT EAGLE 1911
  36. Pingback: Glock 43x for Sale
  37. Pingback: trendy wallpapers
  38. Pingback: cialis for men
  39. Pingback: tropical
  40. Pingback: imverctin
  41. Pingback: curepod battery
  42. Pingback: Buy This Domain
  43. Pingback: durvet ivermectin
  44. Pingback: bahis siteleri
  45. Pingback: fishscale cocaine
  46. Pingback: buy 5meo dmt
  47. Pingback: classic books
  48. Pingback: stromectol 5 mg
  49. Pingback: nursing essay
  50. Pingback: مسيار
  51. Pingback: mango juul pods
  52. Pingback: delta 8 juul pods
  53. Pingback: Irish Whiskey
  54. Pingback: Buy This Domain
  55. Pingback: สล็อต
  56. Pingback: online life coach
  57. Pingback: speed test type
  58. Pingback: modern art poster
  59. Pingback: russian books
  60. Pingback: business coaching
  61. Pingback: slayer sneakers
  62. Pingback: tile lowe's
  63. Pingback: Decorative tile
  64. Pingback: maui tile
  65. Pingback: Buy Cocaine Online
  66. Pingback: Buy MDMA Online
  67. Pingback: Wikipedia
  68. Pingback: contouring machine
  69. Pingback: Trending news
  70. Pingback: political news
  71. Pingback: Trending videos
  72. Pingback: breaking news
  73. Pingback: read more
  74. Pingback: see this website
  75. Pingback: great post to read
  76. Pingback: have a peek here
  77. Pingback: education in egypt
  78. Pingback: egypt education
  79. Pingback: 45 ACP Ammo
  80. Pingback: 9mm Ammo
  81. Pingback: Guns on Sale
  82. Pingback: Firearms Site
  83. Pingback: SpyToStyle
  84. Pingback:
  85. Pingback: lmhmod
  86. Pingback:
  87. Pingback: soi cau 247
  88. Pingback: bet789
  89. Pingback: g88vin
  90. Pingback: so em xui la gi
  91. Pingback: Game bài
  92. Pingback: Men's Dress Shirts
  93. Pingback: obd tracking
  94. Pingback: tracker device
  95. Pingback: Cảm xúc là gì
  96. Pingback: Cách làm bò kho
  97. Pingback: Phạm Thành Long
  98. Pingback: Trí tuệ là gì
  99. Pingback: Học vẽ online
  100. Pingback: doanh nhân
  101. Pingback: làm việc nhóm
  102. Pingback: vnhoi
  103. Pingback: vnhoi
  104. Pingback: vnhoi
  105. Pingback: vnhoi
  106. Pingback: vnhoi
  107. Pingback: vnhoi
  108. Pingback: vnhoi
  109. Pingback: vnhoi
  110. Pingback: click here
  111. Pingback: Mushrooms For Sale
  112. Pingback: selidbe za Srbiju
  113. Pingback: Times Kuwait
  114. Pingback: Times Of Oman
  115. Pingback: Doha News
  116. Pingback: GLOCK 23
  117. Pingback: GLOCK 42 For Sale
  118. Pingback: GLOCK 42
  119. Pingback: Cousin Pat Therapy
  120. Pingback: mental health
  121. Pingback: pca plot r
  122. Pingback: employee training
  123. Pingback: best cmms software
  124. Pingback: asana vs monday
  125. Pingback: Rupinala Pass Trek
  126. Pingback: Gokyo Lake Trek
  127. Pingback: Trekking in Nepal
  128. Pingback: Manaslu Trek
  129. Pingback: ???? ?????
  130. Pingback: ???? ?????
  131. Pingback: ???? ?????
  132. Pingback: ???? ?????
  133. Pingback: ???? ?????
  134. Pingback: ???? ?????
  135. Pingback: Future University
  136. Pingback: Health Guide
  137. Pingback: Fitness Info
  138. Pingback: Health Guide
  139. Pingback: Lifestyle
  140. Pingback: nj

Comments are closed.

Add Comment
Viewing Highlight