Ontario-based cannabis giant Canopy Growth Inc. is working flat-out to meet that demand, having already supplied the Alberta market with 250,000 product units, with another 50,000 coming next week, said its CEO, Bruce Linton.
“The trucks continue to pull out of this place, it’s a busy road,” he said of the company’s flagship operation.
Consumers in Alberta could see a healthier supply by year’s end, he said, but that could be temporarily upended in the spring when potentially hundreds of retailers open their doors in Ontario.
“There’s going to be a new, unique channel that needs to be filled,” he said.
“It’s going to go in layers, it’s going to continue to take some time.”
But he said demand for cannabis should be diluted by the availability of more edible oil capsules this year, and the introduction of vaped and cannabis beverage products in the second half of 2019.
For now, even though growers constantly have finished product in the hopper with phased production, it typically takes four to five months to produce mature buds, said Linton.
“It starts to be a complex algorithm,” he said.
Canopy continues to ramp up production, expecting to increase its growing space from four million to six million square feet over the next year, including a 90,000-square-foot production-warehouse facility in Edmonton, he said.
In the context of the entire country, he said, “Alberta’s been treated well by us and I suspect by others,” he said.
“It makes it commercially challenging when the supply chain ebbs and flows,” she said.
“I’ve still been unable to obtain my pre-rolls.”
Though the cannabis production sector has had months — and in some cases years — to prepare, Canopy’s Linton said it’s much more difficult and time-consuming to ramp up to fully meet demand.
“It’s what 95 years of prohibition does to demand, and we found out pretty quick,” he said.
Source: Calgary Herald