Licensed marijuana producer Aurora Cannabis Inc. says it is "more than ready" for the legalization of recreational pot next month, with enough supply to meet all its commitments to provinces and territories.

Aurora's chief corporate officer Cam Battley also says the cannabis firm doesn't expect to need supply agreements with other licensed producers to bridge inventory gaps.

The cannabis company's comments during a conference call today to discuss its latest quarterly earnings come as Canada prepares to legalize cannabis for adult use on Oct. 17.

The time has come for pot stocks to deliver on the hype: Peter Armstrong

The wild stock market ride of B.C.'s Tilray is an example of the kind of stomach-churning volatility investors in the cannabis space have come to expect. But come Oct. 17, the speculation that's driving those ups and downs will start to change course, Peter Armstrong writes.

A vendor displays marijuana for sale during the 4-20 annual marijuana celebration, in Vancouver, B.C., on Friday April 20, 2018. Alberta is now stockpiling marijuana but isn't saying where it's being kept. Finance Minister Joe Ceci says cannabis shipments have begun but he says for security reasons, the province will not be revealing the location.

Alta Cannabis 20180919

Speculation over companies that produce cannabis has sent traders on a wild ride recently. 

Aurora has signed marijuana supply deals with several government entities that handle cannabis sales for the jurisdiction, including in Ontario, British Columbia and Quebec.

Executives of the Edmonton-based cannabis company would not disclose the current size of its inventory in kilograms, but said it has been ramping up its production capacity.

Aurora anticipates that by the end of the 2018 calendar year it will have a production run rate of 150,000 kilograms per annum.

Cannabis retailer Green Growth Brands raises $85M following reverse takeover

An American marijuana company whose shares will soon trade in Canada has raised $85 million in a private placement, funds the company plans to use to ramp up retail operations around the world.

FILE - In this Aug. 11, 2016, file photo, assistant manager Jaclyn Stafford arranges glass display containers of marijuana on shelves at The Station, a retail and medical cannabis dispensary, in Boulder, Colo.  In Ontario, such store will not be allowed until April 2019, so the only place to buy legal cannabis is online from the Ontario Cannabis Store.

Welcoming Pot Shops

Much of the focus of the hysteria arounding pot companies has focused on the production on the product, but comparatively little thought has gone into the retail experience.

Cannabis seedlings are shown at an Aurora Cannabis grow facility in Montreal on Nov. 24, 2017. The company says it has more than enough supply to meet its commitments when the sale of marijuana becomes legal in Canada October 17.

Aurora Cannabis 'more than ready' with pot supply

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