Aurora Cannabis Receives Health Canada Licensing of Aurora Sky and MedReleaf Bradford
Aurora Cannabis Receives Health Canada Licensing of Aurora Sky and MedReleaf Bradford – RICH TV LIVE – FEBRUARY 25, 2019 – Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) today announced that both its Aurora Sky and MedReleaf Bradford facilities are now fully licensed by Health Canada for the production and sale of cannabis and cannabis derivative products.
The rapid scale-up of our production capacity – with our Sky and Bradford facilities specifically adding over 128,000 kg per year in capacity – is resulting in significant increases in product availability across our domestic medical and consumer, as well as our international market segments, over the coming months.
Terry Booth, CEO of Aurora
Current production at Aurora Sky, with recent harvests exceeding target yields, validates our production philosophy and our investment in high-tech, highly automated facilities. MedReleaf Bradford employs best practices identified during the integration of the Aurora and MedReleaf organizations, and is consistently delivering exceptional yields and high-quality product that has resonated well in both the medical and consumer markets.
Located at the Edmonton International Airport in Alberta, Aurora Sky is the Company’s first “Sky Class” facility. Aurora Sky is designed to deliver high quality, consistent and highly cost-efficient cannabis cultivation. At 800,000 square foot, the facility delivers massive scale, incorporates state-of-the-art technology, and leverages a high degree of automation to deliver target production costs of well below one dollar per gram. With the entire facility’s cultivation space now licensed by Health Canada, the Company anticipates the facility to be fully planted in March 2019, with the full impact of product available for sale to be realized by the end of June 2019.
Located in Ontario, MedReleaf Bradford is a 210,000 square foot high-tech production facility built to EU GMP specifications which features 17 independently climate-controlled grow rooms. Designed for large scale, hang-dried, hand-manicured production, 13 of the flower rooms are currently in production to service the consumer and medical markets. With the facility’s cultivation space now completely licensed, Aurora anticipates the facility to be fully planted by early April 2019, reflecting a production capacity of 28,000 kg of high-quality cannabis per annum.
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