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B.C. cannabis consumers still waiting for edibles, topicals, and extracts

Kirk Smol by Kirk Smol
December 16, 2019
in News
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B.C. cannabis consumers still waiting for edibles, topicals, and extracts

Since October 17, cannabis edibles, including baked goods and beverages, have been legal in Canada.

But 10 days before Christmas, it’s still not possible to order them through the B.C. Cannabis Stores website.

‘Adult consumers can expect a limited selection of the new products to appear gradually in legal stores starting in late-December 2019,’ the B.C. government states on its ‘Get Cannabis Clarity’ page.

Today is the first day that the federal government is permitting authorized distributors and sellers to make cannabis edibles, concentrates, and topicals available.

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It means that licensed producers can ship these products to government-owned wholesalers, including B.C.’s Liquor Distribution Branch.

Meanwhile, CBC News reported this morning that Ontario, Quebec, and Alberta will not have edibles, topicals, or extracts available until mid to late January.

This so-called Cannabis 2.0 wave can’t come quick enough for Canadian weed investors, who’ve endured a brutal year on the markets.

Major declines occurred after it was revealed last summer that CannTrust Holdings had grown thousands of kilograms of weed in unlicensed rooms. Its share price is $1.11, down from a 52-week high of $13.48. CannTrust’s market capitalization has shrivelled to $157.04 million.

Prior to the opening of North American stock markets today, industry giant Canopy Growth Corporation was trading at $27.28. That’s down from a 52-week high of $70.98. Its market capitalization is $9.51 billion.

Shares in another large licenced producer, Aurora Cannabis, are $3.47, down from a 52-week high of $13.67. Its market capitalization is $3.65 billion.

Cronos Group is trading at $9.61, down from a 52-week high of $32.95. Its market capitalization is $3.3 billion.

Tilray Inc.’s share price is US$18.60, down from a 52-week high of US$106. Its market capitalization is US$1.87 billion.

Shares in yet another Canadian licensed producer, Aphria Inc., are $7.26, down from a 52-week high of $14.37. Its market capitalization is $1.83 billion.

Kirk Smol

Kirk Smol

Kirk's journey through the digital realm began with lines of code and algorithms dancing in his dreams. Armed with a keyboard and an insatiable curiosity, he embarked on the path of software engineering. However, fate had a smoky twist in store for him. As the ones and zeros swirled around him, Kirk had an epiphany – he realized that he was more interested in the highs and lows of the cannabis industry than debugging lines of code. With a leap of faith that would make a bungee jumper blush, he bid farewell to the world of semicolons and database queries and embraced the intoxicating allure of cannabis journalism. Now, Kirk finds himself navigating a different kind of network, one that's all about buds, trichomes, and terpenes. Armed with a pen that's mightier than a vaporizer and a keen eye for detail, he's on a mission to unravel the mysteries of the green world.

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