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Aurora Cannabis CEO slams cannabis rollout in Ontario and British Columbia

Last updated: 13:00 16 Nov 2018 EST, First published: 12:30 16 Nov 2018 EST

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Aurora Cannabis produces and distributes medical cannabis products.

Aurora Cannabis Inc (NYSE:ACB) (TSX:ACB) CEO Terry Booth harshly criticized the Canadian provincial governments of Ontario and British Columbia for what he believes is the poor rolling out of retail models for recreational cannabis, a report by the Financial Post said. 

Booth said in sometimes profanity-laced remarks that only the provinces of Alberta and Saskatchewan "got it right," according to the report.

“I would say Ontario shat the bed the worst,” Terry Booth told a panel session at the Marijuana Business Conference that is known as MJ Biz Con in Las Vegas on Thursday.

Booth’s remarks were greeted with a mix of laughter and shock by the audience, who were attending the session titled “Canada: Assessing the First Month of Recreational Sales.”

READ: Aurora Cannabis sees revenue nearly quadruple in 1Q as recreational sales heat up

Canada has struggled to meet demand for recreational cannabis, with some licensed producers pointing the blame at the distribution methods employed by certain provinces, and provinces saying that they did not receive enough products from producers.

Booth said Edmonton-based Aurora had lived up to its obligations but suggested that problems with the rollout were holding the company back.

“We have contractual commitments with the provinces and we have met them,” Booth said, adding that, “we would be ready right now if the government had let us.”

Aurora Cannabis produces and distributes medical cannabis products.

The company is based in Edmonton, Canada.

Contact Rene Pastor at rene.pastor@proactiveinvestors.com

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