Medical cannabis producer Bedrocan lowers its prices to $5 a gram

TORONTO - Licensed marijuana producer Bedrocan is slashing the price of all six of its medical cannabis strains to $5 a gram, citing a desire to make medicine more affordable for patients.

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The company's products previously cost $7.50 a gram.

Bedrocan Canada Inc. is a subsidiary of Canopy Growth Corp. (TSXV:CGC), a combined company formed when Bedrocan merged with Tweed Marijuana Inc.

Bedrocan president Marc Wayne says the company will still be able to turn a profit, even after price cuts that amount to roughly 33 per cent because of improved production efficiencies.


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