8/16/2023 0 Comments Aurora cannabi![]() This design, created in collaboration with Larssen Limited (which Aurora purchased in November 2017 and re-branded to Aurora Larssen Projects (ALPS)), allows Aurora to harness the sun’s power while maintaining the same number of high-pressure sodium (HPS) lights and using the same sophisticated environmental control system (ECS) as an indoor facility. Travelers landing at or departing from Edmonton International Airport will get a better sense of what makes this facility unique in cannabis-the building’s glass roof. From ground level, it looks like any other large commercial property or hangar near an airport. Rapidly establish a global footprint in the American cannabis market to assume a leading global position.Īurora Sky is the crown jewel of Aurora Cannabis’ North American portfolio and in a class of its own as a CA$150 million (US$112 million) hybrid indoor cannabis cultivation facility.Capture a significant portion of Canada’s consumer market to establish Aurora as a respected consumer brand and.Access capital via public markets and deploy shareholder capital intelligently and rapidly to create a fully integrated cannabis company.The use of high-level automation in cannabis cultivation to streamline processes, reduce costs and maximize return-on-investment (ROI).To achieve that goal, the company is building itself on four pillars: Travelers landing at Edmonton International Airport get a clear view of Aurora Sky. In 2018, Aurora announced that its liquid assets exceeded CA$500 million (US$374 million) that it invested large stakes in CanniMed and The Green Organic Dutchman, two other publicly traded Canadian LPs that it won the public bid to supply Italy with medical cannabis (through the country’s Department of Defense) and that it received its official cultivation license for its more than 800,000-square-foot hybrid indoor facility (named Aurora Sky) located near Edmonton International Airport-and these were only the January headlines.Īurora’s goal is simple: Become a global leader in cannabis and cannabinoid production. Volatility across markets caused almost all of 2018’s earnings to vanish in a span of a few weeks, especially for companies listed on the Dow Jones and the S&P 500.ĭespite the end-of-year frenzy on the public exchanges, Aurora still made 2018 its best year yet. The tail end of 2018 wasn’t great for Canadian licensed cannabis producer (LP) Aurora Cannabis’s stock prices- but then, the end of the year wasn’t kind to anyone’s stock.
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