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Canadians no longer stockpiling cannabis amid coronavirus pandemic, executives say
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Canadians have slowed their buying frenzy when purchasing pot amid the pandemic, said cannabis company executives. Aurora Cannabis Inc.
noticed the COVID-19 boom in cannabis sales dissipating, said Michael Singer, interim chief executive. “There was a kind of pantry-loading in late March, when there was a concern that maybe the supply chain would be closing down and whether cannabis as an industry would be deemed essential,” he said.
After the industry was deemed an essential service in several provinces, he said, things went back down to pre-pandemic levels in April. “The behaviours were very similar to before that pantry-loading process at the end of March.” In Aurora’s third quarter, which ended on March 31 and encompassed the first
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