TSXV: ACB
VANCOUVER, Dec. 15, 2016 /CNW/ - Aurora Cannabis Inc. (the
"Company" or "Aurora") (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to
provide further detail regarding the location of its 800,000 square
foot cannabis production facility in Leduc County. The "Aurora Sky"
facility is currently under construction at the Edmonton International Airport (EIA), where,
subject to certain conditions, the Company will lease 30 acres from
the Edmonton Regional Airports Authority.
The unique location of Aurora Sky provides a number of major
competitive advantages, including access to abundant and reliable
low-cost power, as well as unparalleled proximity to infrastructure
and essential services, such as gas, water, sewage, public
transportation, courier services, and international customs for
clearing supplies and equipment. Furthermore, the location
facilitates capitalizing on opportunities for future export of
product and genetics to legally authorized jurisdictions around the
world.
"This is a pivotal initiative for Leduc County, for Alberta, the Canadian cannabis sector, and the
global cannabis industry," said Terry
Booth, CEO. "We are very proud of Aurora Sky. This is
not just because it's the world's most advanced cannabis facility
envisioned, but it will become an important contributor to the
local economy, both through investments and job creation."
Myron Keehn, Vice President of
Commercial Development at EIA, said, "Aurora's new facility
will benefit from high-quality services available on site
at EIA, including bonded warehousing, ground transportation
access and air cargo connections across the
country. EIA is already a major economic driver,
with a GDP impact of over $1.1
billion annually, and with this and other new investments,
over 2,000 new jobs will be created in 2017 through Aerotropolis
development at EIA."
"Aurora Sky will prepare the company to meet the rapidly growing
medical demand, as well as position us for the soon to be legalized
recreational market with the world's largest and most sophisticated
cannabis production facility," said Neil
Belot, Aurora's Chief Brand
Officer. "Our new facility's location at Edmonton International Airport brings clear
competitive advantages, and, we believe, reaffirms the Aurora
Standard as the industry benchmark for innovation, leadership, and
strategic execution."
About Aurora
Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises
Inc., is a licensed producer of medical cannabis pursuant to Health
Canada's Access to Cannabis for Medical Purposes Regulations
(ACMPR) and operates a 55,200 square foot, expandable,
state-of-the-art production facility in Mountain View County,
Alberta, Canada. Aurora trades on
the TSX Venture Exchange under the symbol "ACB".
On behalf of the Board of Directors,
AURORA CANNABIS INC.
Terry Booth
CEO
This news release contains certain "forward-looking
statements" within the meaning of such statements under applicable
securities law. Forward-looking statements are frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may",
"will", "potential", "proposed" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
These statements are only predictions. Various assumptions were
used in drawing the conclusions or making the projections contained
in the forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Company is
under no obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable law.
The TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Aurora Cannabis Inc.