Aurora Cannabis claims the largest funded production capacity among Canadian cannabis producers. It's the second-largest cannabis producer in the world in terms of market cap, and operates in 24 countries spanning five continents. It's probably fair to say that the Aurora executives have expertise in the cannabis industry.
That's important to note because there are a few things people believe about the cannabis industry that Aurora thinks are incorrect. Vice president of investor relations Marc Lakmaaker spoke at a virtual investor conference on Tuesday hosted by OTC Markets. He specifically mentioned five myths about the cannabis industry that Aurora wants to clear up.
One of those purported myths is that a supply glut is coming for the Canadian cannabis market. Lakmaaker acknowledged in his comments on Tuesday that there's plenty of talk about a looming supply glut. But he stated point blank, "We're not really seeing it." Lakmaaker said a lot of companies projected production capacity that hasn't materialized yet.
More importantly, he emphasized that Aurora is looking at a global cannabis market that's far larger than Canada alone. Lakmaaker mentioned that Aurora CEO Terry Booth likes to say that the thing that keeps him up at night is not being able to supply enough product to meet the growing demand globally.