Market Date:16 July, 2020

Aurora Cannabis rolls out cannabis strips

Nowadays, when it comes to cannabis, it is possible to smoke it, eat it, and drink it. However, now there’s a brand new approach to eat cannabis: strips which dissolve in the moutharea.

That is due to leading Canadian marijuana inventory Aurora Cannabis (NYSE:ACB), which announced Tuesday it has established cannabinoid-infused”sublingual wafers” — i.e., thin strips supposed to be kept under the tongue until they dissolve into nothing. The strips are directed toward medical cannabis consumers and will be marketed on the Canadian industry.

Stethoscope with marijuana leaf next to it.

From the media release for its somewhat unimaginatively brand-named Dissolve Strips, Aurora reported it is the very first of its type. Dissolve Strips were created by Aurora in Combination with fellow Canadian firm CTT Pharmaceutical Holdings.

Aurora, incidentally, holds an approximate 9% stake in CTT, among various small shareholdings it’s in different businesses. Aurora also possesses warrants that would let it boost this amount considerably, to 42%.

Based on Aurora, the new offering”adds another innovative offering to our growing portfolio of top quality, medical products which we provide our individual base, and so is testament to our industry leading ability to utilize technology partners and regulators to deliver new form variables to market quickly.”

The organization titles this specific form variable Orally Dissolvable Thin Film Wafers, that are made from plastic film.

Aurora Cannabis' Dissolve Strips in white packaging.

Aurora asserts the strips have a lot of benefits over other ways of ingestion. One of these are rapid ingestion (five to 15 seconds, the organization states ) and also the capacity to be taken orally without needing to drink water or to consume. Such attributes make Dissolve Strips suitable for individuals who have trouble taking medication in conventional manners.

From the media launch, Aurora gave no sign of the potential size of this marketplace to get Dissolve Strips. Additionally, it didn’t mention any chance of rolling out or changing the merchandise for its recreational consumer marketplace, that was active in Canada after the legalization of that form of consumption almost 1 year ago.

No matter Aurora stock closed slightly higher on the day the statement was made, bucking the overall downward trend of the stock exchange. The cost has been on a decline since March, however, so much in 2019, it is down by 16 percent. In reality, it has recently been rebounding around lows not seen in more than a year.