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Aurora Cannabis Inc (TSE:ACB NYSE:ACB) Awarded Maximum Lots in German Tender Process
Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) (FRA:21P) CCO Cam Battley discusses Aurora Sun, the company’s latest production facility, which promises to produce more cannabis than the company’s state-of-the-art Aurora Sky design. The 1.6 million square foot new facility in Medicine Hat, Alberta is significantly larger than Aurora Sky and Battley anticipates Aurora Sun producing more than 230,000 kilograms per year. Battley explains that Aurora is scaling rapidly to meet the global demand for legal, regulated cannabis. He highlights that there are eight EU GMP certified cannabis production facilities in the world and Aurora owns two, in addition to its EU GMP certified distributor, Aurora Deutschland. Recently, Aurora won 5 of the 13 German tenders to supply the German system with medical cannabis and to create a production facility in Germany. Battley emphasizes Aurora’s selection cements its place in the German market while still allowing the company to export considerable amounts of product to that country. Battley believes cannabis will remain a free and open market internationally because of the scarcity of legal and regulated production facilities around the world. Battley addresses the impact of Nelson Peltz joining the company and Aurora’s plans to make multiple partnerships across a variety of verticals.