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Ontario's cannabis supplier may open second warehouse to support rising demand: Analyst

Ontario's cannabis supplier may open second warehouse to support rising demand: AnalystThe Ontario Cannabis Store may be getting a new warehouse, a sign that the provincial wholesaler is expanding its product offerings to meet customer demand. BMO Capital Markets analyst Tamy Chen said in a recent note to clients that the province is expected to open a second distribution warehouse by September. That should provide a boost in sales to cannabis producers in the fourth quarter of the year, Chen wrote in her note. An OCS spokesperson declined to confirm whether it would add another warehouse to its supply chain, but stated in an email to BNN Bloomberg that the agency has received authorization from the Ontario government "to continue to expand our privately operated distribution network when necessary."  Virus-free. www.avg.com

Written by : Tony Salvin

Canadian Marijuana Index

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