First Wave of Cannabis 2.0 Products Hits Ontario
“Very Limited Supply” Only Available in 27 Stores Province-wide – LPC
The first wave of cannabis 2.0 products hits Ontario today, though it may seem more like a ripple. The Ontario Cannabis Store (OCS), which manages distribution in the province, said that there is a “very limited supply”. A spokesperson said that supply to be gone soon.
“We expect products to sell out within the first week,” said OCS chief of staff David Lobo. “But it will improve, week after week.”
The OCS shipped vapes, tea, chocolates, and gummies to 27 retail stores. It delayed selling them online due to limited supply. That means legal edibles won’t be available to over half the province. There isn’t any mention in the article below about how many products are available right now. Lobo said that 59 different products will be for sale in Ontario soon.
Another OCS spokesperson, Daffyd Roderick, said that only two licensed producers (LPs) had products ready on December 16, 2019. That was the first day cannabis edibles, extracts, and topicals were legally available for sale in Canada. Some provinces including Manitoba, BC, and Saskatchewan made the first wave of cannabis 2.0 products available that week. Retailers reported cannabis 2.0 products flying off the shelves the first week.
Ontario, Alberta, and Quebec weren’t ready due to government-run distribution chains. (Quebec also banned certain cannabis edibles.)
Lobo said the OCS will “speed up” delivery of edibles if and when LPs deliver more supply.
First Wave of Cannabis 2.0 Products Seen as the New Frontier – LPC
So far, Canopy Growth supplied two kinds of Tokyo Smoke-branded milk chocolate. Canopy stated earlier that it planned from the start to launch its first wave of cannabis 2.0 products in January. It planned to stagger the launch of other products after that. Canopy has also taken a cannabis beverage gamble with its new bottling plant that can produce five million drinks per month.
Meanwhile, Auxly Cannabis Group delivered 12 offerings to the OCS so far. Its line of first wave of cannabis 2.0 products includes four vapes, five soft-chew edibles, and three types of chocolate. All are through its wholly owned LP Dosecann Inc.
Other LPs that have shipped to the OCS include Aurora Cannabis, Aphria, Redecan Pharm, Sundial Growers, Organigram, and Cronos Group.
Analysts are hoping that the first wave of cannabis 2.0 products will help create another cannabis bull market in 2020.
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