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Medical Cannabis Producer Bedrocan Lowers Its Prices To $5 A Gram

Darpan News Desk The Canadian Press, 25 Jan, 2016 11:29 AM

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.

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.

"We're very good at producing cannabis at a low cost," said Wayne.

"After spending the last six months perfecting production techniques in Canada from our Dutch partners in Holland, we now have the ability to reduce our cost."

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