Canadian retailer Alcanna says cannabis supply shortages worsened in first quarterPosted by On

Alcanna Inc.

CLIQ, +6.23%

said Thursday that Canadian cannabis supply shortages worsened in the first quarter, getting worse as the reporting period went out. In the company’s first-quarter conference call, Alcanna Chief Executive James Burns said that sales were strong but product was in short supply. “Our stores rarely if ever had saleable product on hand in inventory for the bulk of the week,” Burns said. “The once a week delivery sold out often same day and…

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