Aurora Cannabis Establishes Supply Agreement with the Alberta Gaming, Liquor & Cannabis Commission (AGLC)

Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) today announced that it has entered into an agreement with the Alberta Gaming, Liquor & Cannabis Commission to provide high-quality cannabis products for the adult consumer use market in the state. Consequently, Aurora will initially allocate up to 25,000 kg of merchandise for the first 6 months of sales for this market. The AGLC is responsible for regulating private retail cannabis licensing, supply of cannabis to retail stores, and performance of the online cannabis shop, www.albertacannabis.org.

Aurora’s three facilities in Alberta – Aurora Sky, Mountain, and Sun – with a combined funded production capacity of more than 250,000 kg per year, uniquely position Aurora to provide a reliable, high quality supply of cannabis into the Province. Through this arrangement, Aurora, which is the pioneer in the medical cannabis market in Alberta, will play an important role in ensuring adequate product is available to the adult consumer market in the state.

“The AGLC and Alberta government have been steadfast in their commitment to creating the best possible framework for a well-functioning legal adult consumer use market that prevents cannabis from ending up in the hands of youth,” stated Terry Booth, CEO. “The state’s common-sense strategy and this arrangement are the result of many months of discussions with the AGLC towards accomplishing these goals. Consequently, adult customers in Albertawill have access to a broad choice of high quality cannabis goods from October 17, 2018 onward. Aurora also employs more Albertans than other licensed manufacturers combined. We have a brand recognized for quality, which we intend to leverage to capture significant share of the adult consumer marketplace in Alberta and Canada, both organically and through our strategic retail partnerships. We look forward to working with the AGLC and getting a key area of the state’s cannabis infrastructure to ensure Alberta’s successful entry into the burgeoning consumer cannabis market.”

About Aurora

Headquartered in Edmonton, Alberta, with funded capacity in excess of 430,000 kg per year and operations across Canada and in Europe, Aurora is one of the world’s biggest cannabis companies. Aurora is vertically integrated and horizontally diversified across every key sector of the value chain, from facility design and technology, to cannabis breeding and genetics research, cannabis and hemp production, extraction and higher value-add product development, home cultivation and wholesale and retail distribution.

Highly distinguished from its peers, Aurora has established a uniquely advanced, consistent and effective manufacturing strategy, based on purpose-built facilities that incorporate leading-edge technologies across all processes. Intended to be replicable and scalable globally, these manufacturing facilities are designed to make cannabis on a gigantic scale, with higher flower quality, industry-leading returns, and ultra-low per gram manufacturing costs. Each of Aurora’s facilities is constructed to meet European Union (EU) GMP standards, and both its initial manufacturing facility and its wholly owned European medical cannabis distributor Pedanios have attained that level of certification.

Along with its rapid organic growth and strategic M&A, which to date includes nine companies acquired, Aurora is distinguished by its reputation as a partner of choice from the cannabis industry, having invested in and established strategic partnerships with a range of leading innovators, such as: The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), Radient Technologies Inc. (TSXV: RTI), Hempco Food and Fiber Inc. (TSXV: HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Namaste Technologies Inc. (TSXV: N), and Alcanna Inc. (TSX: CLIQ).

Aurora’s Common Shares trade on the TSX under the symbol”ACB”, and are a part of the S&P/TSX Composite Index.

For more information about Aurora, please see our investor website investor.auroramj.com.

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Published at Thu, 05 Jul 2018 14:40:26 +0000

Posted in: News

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