Proactiveinvestors Australia Aurora Cannabis Inc Proactiveinvestors Australia Aurora Cannabis Inc RSS feed en Tue, 23 Jul 2019 23:31:39 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Aurora wins public tender to produce medical cannabis in Germany ]]> Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) is heading to Germany. The Canadian cannabis company was one of the three companies selected in a public tender by the German Federal Institute for Drugs and Medical Devices to cultivate and distribute medical cannabis in Germany.

Shares jumped 3.7% before the bell on the NYSE to US$9.29.

Of the 79 companies that submitted concept plans, Aurora received the highest rating. The Edmonton, Alberta-based company was awarded five of the 13 available lots with a minimum total supply of 4,000kg.

READ: Canada’s Aurora eyes raising $750 million for global expansion

The facility, located near Leipzig, will produce cannabis to be sold wholesale to pharmacies and the German government. Aurora has been exporting dried cannabis flower to Germany since 2017.

"We are very proud to have been selected as one of only three companies by the German government, which is a great achievement by our team," Chief Global Business Development Officer Neil Belot said. "Having the highest rated concept is a strong validation of the Aurora Standard cultivation philosophy, as well as of our track record in the delivery of safe and high-quality medical cannabis products to the German system.”

The deal will become official April 17 or later.

Contact Andrew Kessel at

Follow him on Twitter @andrew_kessel

Fri, 05 Apr 2019 08:56:00 +1100
<![CDATA[News - Aurora Cannabis makes first shipment of medical cannabis to the UK ]]> Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) announced Monday that it has completed its first commercial export of medical cannabis oil to the United Kingdom from a certified pharmacy. 

The Canadian company, which is currently enhancing its UK operations to ensure that patients there have access to a range of Aurora cannabis-based medicines, said the product has been successfully dispensed from Canada under a new legal framework that came into effect Nov. 1, 2018.

"Being one of the first Canadian companies to commercially supply cannabis-based medicines into the UK under the new legal framework reflects Aurora's ability to do business in international markets that have complex and evolving regulatory systems," said Neil Belot, chief global business development officer, in a company statement. "Aurora continues to grow its international footprint, which now includes the UK, a country with a population of approximately 66 million people."

READ: Aurora Cannabis's extraction partner Radient Technologies wins key license from Health Canada

Authorities in the UK granted regulatory approval of the new framework last year.

Under the new UK framework, specialist doctors can legally issue prescriptions for cannabis-based medicines when they agree that their patients could benefit from this treatment, according to the company's statement.  

"We are thrilled to have successfully navigated the complexities of the UK's new regulatory framework to be able to supply high quality, pharmaceutical grade cannabis-based medicines into the UK from one of our EU-GMP certified facilities in Canada," said Dr. Shane Morris, senior vice president of product development and regulatory affairs for Aurora.

Headquartered in Edmonton, Alberta, Aurora is one of the world's largest cannabis producers and has a funded capacity in excess of 500,000 kilograms a year and sales and operations in 22 countries across five continents. It has 15 wholly owned subsidiary companies.

Aurora is a vertically integrated company, meaning it handles all aspects of cannabis production, from facility engineering and design to cannabis breeding and genetics research to home cultivation, wholesale and retail distribution.

To facilitate its growth, the company has invested in and established strategic partnerships with a range of leading innovators, including: Radient Technologies Inc. CVEV:RTI), Hempco Food and Fiber Inc. (CVE:HEMP), and  CTT Pharmaceuticals (OTMKTSLCTTH).

Shares of Aurora Cannabis Inc (NYSE:ACB) (TSE:ABC) dropped Monday on news of its first UK export, to $7.21 per share in the US, down from Friday's market close of $7.54 per share, a decrease of 3.4%.

--Written by Suzette Parmley

Mon, 11 Feb 2019 10:15:00 +1100
<![CDATA[News - Aurora Cannabis ships medical cannabis to the Czech Republic ]]> Aurora Cannabis Inc (NYSE:ACB) (TSX:ACB) announced Tuesday that it had secured an export permit and completed its first shipment of medical cannabis to the Czech Republic.

The first order was shipped to Czech Medical Herbs s.r.o., a Czech drug wholesaler, which will supply pharmacies across the country.

"The Czech Republic represents the 21st country in which we operate, and exemplifies how we are rapidly expanding our global footprint in the medical cannabis space,” said Neil Belot, chief global business development officer at Aurora Cannabis. “We look forward to building a long-term relationship with our customer, CMH, and supplying patients in the Czech Republic with our high-quality cannabis products."

READ: Aurora Cannabis CEO slams cannabis rollout in Ontario and British Columbia

Under the Czech medical program, patients are allowed up to 180 grams of dry flower product a month, as prescribed by specialized doctors. The medical program was launched in 2013.

The Czech Republic and its capital Prague are often called the Amsterdam of the East — the city is known for its high-quality cannabis.

Edmonton, Canada-based Aurora Cannabis produces and distributes medical cannabis products.

Aurora's US-listed shares were down 2.6% in morning trade on a broad market pullback.


Contact Uttara Choudhury at

Follow her on Twitter: @UttaraProactive 

Tue, 27 Nov 2018 11:39:00 +1100
<![CDATA[News - Daily CryptoCann™ Report: Coinbase users can turn crypto into e-gift cards; Aurora Cannabis to offer employees medical marijuana coverage ]]> No-fee cryptocurrency trading has been luring in investors with apps like Robinhood skyrocketing to popularity.

There’s a new no-fee player in town known as Voyager, a start-up with some notable names behind it, according to a Fortune report.

Uber’s chief technology officer Oscar Salazar and early investor Philip Eytan around behind the new trading app. Its CEO is Stephen Ehlrich, the former CEO of Lightspeed Financial. Ehlrich was also with E*Trade before it was bought by Lightspeed.

The exchange plans to list a total of 15 cryptocurrencies, including Bitcoin and Ethereum. Robinhood currently provides free trading of five cryptocurrencies.

READ: Daily CryptoCann™ Report: SEC delays decision on Bitcoin ETFs; Acreage Holdings closes US$119mln in private funding

One of the biggest problems facing cryptocurrency is the difficulty in using it in the real world, leaving potential investors leaning towards more accessible fiat currency.

Popular exchange Coinbase is trying to bridge the gap, partnering with start-up WeGift to offer customers in the EU and Australia the opportunity to exchange coins from brand e-certificates, according to a Coin Telegraph report.

Gift cards are available for brands like Nike Inc (NYSE:NKE), Uber, Google Play, Ticketmaster and Tesco.

The exchange plans to roll out the plans into other markets over the next few months.

The Cann Report

Aurora Cannabis Inc (TSX:ACB) is one of the biggest players in the cannabis space with a more than US$3bn market cap.

The medicinal cannabis company has announced a new benefits package for its employees, including coverage for medical marijuana, as per a report by Canada’s The Star.

The insurance plan will be offered by Sun Life Financial and range from C$1,500 to C$6,000 per person annually, covering employees’ use of medical marijuana for certain conditions, including cancer and arthritis.

Aurora recently acquired MedReleaf Corporation, one of the largest marijuana companies in Canada.

READ: Crop Infrastructure has largest hemp farm in Nevada after additional planting

Moving to the lighter side of cannabis, a massive cannabis entertainment complex is opening in Las Vegas this fall.

Planet 13 Holdings Inc (CSE:PLTH) plans to open a more than 40,000 square foot complex, including 16,500 square feet of cannabis retail space, as per the company's press release.

The complex will feature up to 50 cash registers for customers as well as an outfoor water feature and interactive works of art, including a 15-foot-tall LED lotus flower that can be controlled by visitors.

The company expects around 55 million visitors annually.


Wed, 25 Jul 2018 13:16:00 +1000
<![CDATA[Media files - Daily CryptoCann Report: Coinbase opens its crypto index fund; Michigan cracks down on dispensary names ]]> Wed, 13 Jun 2018 17:10:00 +1000 <![CDATA[News - Daily CryptoCann Report: Coinbase opens its crypto index fund; Michigan cracks down on dispensary names ]]> The Crypto Report

All of the top five coins were in the red today. Ripple (XRP-USD) was the biggest decliner, falling nearly 8% to US$0.51. Bitcoin (BTC-USD) hit a four-month low, down more than 4% to US$6,269.77.

Crypto exchange Coinbase has opened its cryptocurrency index fund to investors, setting its sights on institutional investors. The fund is open to accredited investors in the US looking to invest between US$250,000 and US$20mln, according to its blog post.

Coinbase CEO Brian Armstrong pitched the fund to investors on Twitter, touting its broad range of crypto assets and low rates.

Investing in Coinbase Index Fund is the easiest way to get exposure to a broad range get of crypto assets.
Much cheaper than 2 and 20% charged by most crypto hedge funds, and you get new assets automatically added to the fund as they become available on Coinbase. No rebalancing.

— Brian Armstrong (@brian_armstrong) June 13, 2018

Last month, the company introduced four new products on an exclusive platform called Coinbase Prime to help investors transition from traditional markets. Coinbase said it is looking to launch more funds that will be accessible to all investors.

The platform recently acquired securities dealer Keystone Capital Corp as it heads down the path to becoming an SEC-regulated broker-dealer.

The Cann Report

Medical marijuana establishments in Michigan will have to be careful what they call themselves after the state licensing board banned the use of 16 words and phrases, according to a report by Marijuana Business Daily. Businesses cannot refer to themselves as a dispensary, apothecary, pharmacy or drugstore.

Those that do risk violating the Michigan Public Health Code, which restricts the use of those words to specific persons. Michigan also spells it “marihuana” after the word appeared without the letter J in an early statute and would need to change the law to change the spelling.

Aurora Cannabis Inc (TSX:ACB, OTCQB:ACBFF) announced that it will complete a C$7mln investment into cannabis retailer Choom Holdings Inc (OTCQB:CHOOF). Aurora will receive more than 9.8 million common shares priced at C$0.71 per share, adding up to an 8% ownership interest. Choom has the rights to 17 retail leases in Alberta, seven leases in British Columbia and is looking to move into the Saskatchewan market. Shares of Aurora were up around 2.7% to C$9.10.

Wed, 13 Jun 2018 13:12:00 +1000
<![CDATA[Media files - Daily CryptoCann Report: Wells Fargo to ban crypto purchases on its credit cards; Aurora Cannabis ac ]]> Tue, 12 Jun 2018 16:19:00 +1000 <![CDATA[News - Daily CryptoCann Report: Wells Fargo to ban crypto purchases on its credit cards; Aurora Cannabis acquires marijuana testing lab ]]> The Crypto Report

Wells Fargo & Co (NYSE:WFC) will no longer allow its customer to purchase cryptocurrency using its credit cards, according to a report by Forbes. The US bank said that while it would continue to evaluate the issue, the decision was made due to the current risks associated with cryptocurrency.

It’s not the first financial institution to ban crypto purchases. JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C) as well as Canada’s Toronto-Dominion Bank (NYSE:TD) have all banned the purchase of crypto for the same reason.

READ: Apple bans cryptocurrency mining apps on its iPhone, iPad devices

File-sharing company BitTorrent Inc has been acquired by Justin Sun, the blockchain entrepreneur behind the TRON platform, according to a Variety report. Sun entered into negotiations with the software company in September 2017 and signed a letter of intent in January. When BitTorrent began talking with other bidders, the deal was suspended. Sun filed a temporary restraining order, but it was eventually dismissed.

The financial details of the takeover have not yet been released but BitTorrent management and staff have been advised of the change in leadership.

EOS (EOS-USD) was the top decliner, down more than 8% to US$10.34.

Bitcoin (BTC-USD) saw the smallest loss, down 2.5% to US$6,708.88.

The Cann Report

The North American Marijuana Index, which tracks the leading cannabis stocks in the U.S. and Canada, was down nearly 2%.

Mayors from seven US cities have formed a coalition to remove marijuana from the federal list of illegal drugs, according to an ABC report. Elected officials from the marijuana-friendly cities of Denver, Seattle, Portland, San Francisco, Los Angeles, Las Vegas and Sacramento are asking Congress to not only remove cannabis from the federal Controlled Substances Act but also to allow marijuana industry employers to benefit from tax deductions, help financial institutions to provide banking services and to extend legal access to medicinal marijuana for U.S. veterans.

"As mayors of cities that have successfully implemented and managed this new industry, we have hands-on experience that can help Congress take the right steps to support other local governments as they prepare to enter this new frontier," said Denver Mayor Michael B. Hancock.

Aurora Cannabis Inc (TSX:ACB, OTCQB:ACBFF) will acquire Anandia Laboratories Inc in an all-stock C$115mln deal. Anandia provides cannabis testing services and will continue to operate independently of Aurora.

Shares of the Vancouver-based cannabis company were up nearly 2% to C$9.07.


--Updated to include cryptocurrency coin prices

Tue, 12 Jun 2018 13:17:00 +1000
<![CDATA[Media files - Daily CryptoCann Report: Crypto art auction features Andy Warhol painting; Canada Senate may legalize recreational marijuana ]]> Thu, 07 Jun 2018 16:34:00 +1000 <![CDATA[News - Daily CryptoCann Report: Crypto art auction features Andy Warhol painting; Canada Senate may legalize recreational marijuana ]]> It's a fairly good day for cryptocurrency with four of the top five coins on the rise, but only seeing gains of less than 1%.

Bitcoin Cash (BCH-USD) was the top gainer, up 0.8% to US$1,138.17 with Ripple (XRP-USD) right behind up 0.7% to US$0.67.

Bitcoin (BTC-USD) rose 0.5% to US$7,701.69 followed by EOS (EOS-USD), also up 0.5% to US$13.98.

Ethereum (ETH-USD) was the sole decliner of the day, down less than 0.1% to US$605.54.

Blockchain platform Maecenas will auction off partial ownership of an Andy Warhol painting in what’s being called the world’s first cryptocurrency art auction, according to a Cointelegraph report. Buyers can purchase digital certificates of partial ownership of Warhol’s 14 Small Electric Chairs using the platform’s ART token, Bitcoin or Ethereum. A smart contract may be able to solve an age-old verification problem in the art market, providing information about copyright, ownership, authenticity and value. While the final price will be based on the smart contract, the reserve price is set at US$4mln.

Crypto trading platform Coinbase is on its way to becoming an SEC-regulated broker-dealer, according to its blog post. The exchange recently acquired securities dealer Keystone Capital Corp, as well as Venovate Marketplace Inc and Digital Wealth LLC. The acquisition will allow Coinbase to expand into non-crypto products and possibly bring tokens to existing securities. The exchange trades around US$150bn in assets and provides services to more than 20 million customers.

Coinbase COO Asiff Hirji wrote in a blog post that securing the license “will bring us a step closer to our goal, which is to be the most trusted way for our customers to buy, sell, and use many different types of crypto assets.”

Today we’re excited to announce that we’re on track to become a US-regulated blockchain securities trading venue. We believe this is an important moment not only for Coinbase, but the entire crypto ecosystem.

— Coinbase (@coinbase) June 6, 2018 The Cannabis Report

The North American Marijuana Index, which tracks the leading cannabis stocks in the U.S. and Canada, fell around 2.5%.

After much anticipation, Canada may legalize recreational marijuana if the Canadian Senate ratifies Bill C-45 on Thursday, according to a Fortune report. While many countries have eased on restrictions, Uruguay is currently the only country where recreational marijuana is fully legal. If the bill passes, the sale and use of marijuana would be legal for people over the age of 18.

Sales of legal cannabis would not begin until two to three months after the legislation passes, according to the Canadian health minister. Marijuana will be sold in plain packaging with a yellow health warning and a red stop sign to signify there is cannabis in the product.

Aurora Cannabis Inc (TSX:ACB) has acquired a nearly 20% stake in softgel maker Capcium Inc, investing C$10mln into the company. The companies have partnered to develop cannabis-based softgels for patients. Privately-owned Capcium will use the investment to expand its manufacturing capabilities, constructing a new facility expected to be completed by the fourth quarter of 2019. Shares of the Vancouver-based company fell slightly to C$9.66.

Thu, 07 Jun 2018 12:31:00 +1000
<![CDATA[Media files - Daily CryptoCann Report: Rehab center to treat crypto addiction; Aurora Cannabis introduces high-potency product line ]]> Wed, 30 May 2018 15:02:00 +1000 <![CDATA[News - Daily CryptoCann Report: Rehab center to treat crypto addiction; Aurora Cannabis introduces high-potency product line ]]> It was a weak Wednesday for cryptocurrency after strong gains on Tuesday.

Ethereum (ETC-USD) was the top decliner of the day, fell 2.7% to US$551.29.

EOS (EOS-USD) was down 2.3% to US$11.86 followed by Bitcoin Cash (BCH-USD) which was down 2.2% to US$966.26.

Bitcoin (BTC-USD) fell 1.6% to US$7,354.82 while Ripple (XRP-USD) was down 1.2% to US$0.59.

A Scottish rehabilitation center has announced that it will begin treating patients with cryptocurrency addictions. Castle Craig Hospital has invited crypto traders in need of help to join the clinic’s existing gambling program, providing cognitive behavioral therapy, equine therapy and other treatments.

“The high risk, fluctuating cryptocurrency market appeals to the problem gambler. It provides excitement and an escape from reality. Bitcoin, for example, has been heavily traded and huge gains & losses were made. It’s a classic bubble situation,” said gambling therapist Chris Burn in a press release.

The average initial coin offering investor makes an 82% profit, according to a report by researchers at the Boston College Carroll School of Management shared by CCN. In a 54-page report entitled “Digital Tulips? Returns to Investors in Initial Coin Offerings”, researchers combed through more than 4,000 ICOs and tracked token value over time.

“Our paper shows that ICOs investors are compensated handsomely for investing in new unproven platforms through unregulated offerings. It suggests that scams, while plentiful in number, are not as important in terms of stolen capital because investors are shrewd enough to spot (and underfund) them,” stated researchers in the report.

READ: Goldman Sachs to begin Bitcoin futures trading, says the cryptocurrency is not a fraud

The North American Marijuana Index, which tracks the top cannabis stocks in the U.S. and Canada, was up more than 1.5%.

CannaCon, one of the largest cannabis industry expo events, is headed to Detroit. The conference is expecting between 3,000 and 5,000 attendees from cannabis enthusiasts to industry experts with ticket prices ranging from US$70 to US$275, depending on how many days ticketholders will attend and if they will attend seminars. Some of the topics covered in the seminars include chemical-free pest management, marketing, sustainable production and lighting as well as a panel discussion on diversity and inclusion.

READ: WeedMD to use proprietary blockchain platform

Michigan may be the next big cannabis market. The state is expected to begin issuing medical marijuana licenses in June and a proposal to legalize recreational marijuana use will be on the November ballot, according to a report the Detroit Free Press. While there will be over 150 vendors, there will be no cannabis consumption at the convention.

Aurora Cannabis Inc (TSX:ACB, OTCQX:ACBFF) launched a new product line known as Aurora Frost. The dried cannabis product is produced from premium whole flower and has the highest potency to date with THC levels at more than 35%. The product will be sold in one-gram increments at US$35 per gram, or US$25 per gram for patients who qualify for compassionate pricing. Shares of the Edmonton-based company were up more than 1% to US$6.31 in Wednesday afternoon trading.

Wed, 30 May 2018 11:51:00 +1000
<![CDATA[News - Daily CryptoCann Report: Crypto conference draws thousands; Canadian cannabis rivals merge ]]> It was a mixed Monday for the top five cryptocurrencies.

Ripple (XRP-USD) was the top gainer of the day, jumping less than a percent to US$0.73.

Ethereum (ETH-USD) was at US$733.09 while Bitcoin (BTC-USD) was at US$8,745.90, both up less than a percent.

EOS (EOS-USD) was a top decliner of the day, falling nearly 4% to US$14.05 with Bitcoin Cash in second place, falling more 1% to US$1,456.70.

The New York Hilton Midtown is hosting CoinDesk’s Consensus 2018, a three-day conference on Bitcoin and blockchain technology. The bitcoin conference is expected to draw about 8,500 attendees with ticket prices around $2,000. There will be similar events around the city as part of Blockchain Week NYC, an event run in part by the New York Economic Development Corporation.

TimeFireVR Inc (OTCQB:TFVR), an investment company with a focus on blockchain and cryptocurrency technologies, recently updated its shareholders on its Bitcoin mining operation. The Arizona-based company had 20 Bitcoin mining units installed at Colocation Guard, a data-hosting company in Brooklyn. After successful mining results, the company will invest in additional units that will enable it to mine Ethereum, Ethereum Classic, Monero, ZCash and Ubiq.

It was a positive start to the week for the North American Marijuana Index, comprised of the leading cannabis stocks in the U.S. and Canada, which was up more than 2%.

Aurora Cannabis Inc (OTCQX:ACBFF) will buy rival company MedReleaf Corp (OTCMKTS:MEDFF) for US$2.51 billion, just two months before recreational marijuana use is expected to be legalized in Canada. Combined, the companies will operate nine facilities in Canada and two in Denmark and expect to produce over 570,000 kg per year of cannabis. Shares of Aurora Cannabis were down nearly 2% to US$6.19 while shares of MedReleaf were up more than 2% to US$19.93.

Canopy Growth Corporation (OTCMKTS:TWMJF) announced that it will apply to list its shares on the New York Stock Exchange. The Ontario-based cannabis company already trades on the TSX on the ticker symbol “WEED”. The company partnered with Snoop Dogg before the federal government cracked down on celebrity endorsements of cannabis products. Shares of the company were up nearly 8% to US$25.55.

Mon, 14 May 2018 13:53:00 +1000
<![CDATA[News - Aurora Cannabis well positioned for growth - Mackie ]]> Mackie repeated a 'buy' on Aurora Cannabis Inc (TSE:ACB), saying it viewed the firm's fourth quarter results positively.

It also repeated a C$3.80 target price, compared to a current price of C$2.77.

In the fourth quarter, Aurora sold 755,059 grams of dried cannabis and cannabis oils which was 6% higher than the  broker's 715,044 estimate.

"Additionally, the company is starting to see production efficiencies and its cash cost to produce a gram of dried cannabis declined too," it noted.

"Revenue was $5.9m versus our $6.5m forecast and net loss of $0.01/share compared to our forecast of $0.00/share. Despite the slight miss in revenue and earnings we view these results positively," said analyst Greg McLeish.

The company is continuing to pursue international opportunities and it is well positioned for growth: Management believes that international expansion is fundamental to its long-term growth and it has made strategic investments in Australia and Germany, he added. 

Thu, 28 Sep 2017 15:34:00 +1000
<![CDATA[News - Aurora Cannabis Inc gets approval to sell oils ]]> Aurora Cannabis Inc (CVE:ACB) has been licensed to sell cannabis oils in Canada almost a year after receiving its production go-ahead.

It has been stockpiling cannabis oils and concentrates since then but can now sell these products to registered patients under Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR).

"Obtaining our license to sell cannabis oils is another major milestone for Aurora, said Terry Booth, chief executive.

“We can offer prescribing physicians a high-quality alternative to inhaled products,"

“With the combined capacity from our existing production site, as well as from our planned 800,000 square foot Aurora Sky facility now under construction at Edmonton International Airport, we believe Aurora is well positioned to become one of the largest producers and distributors of cannabis oil products."

Aurora recently signed a Memorandum of Understanding with Radient Technologies Inc to evaluate RTI's high throughput, terpene-preserving extraction technology.

Mon, 23 Jan 2017 14:00:00 +1100
<![CDATA[News - Aurora Cannabis reaches 6,500 patients in record time ]]> Aurora Cannabis Inc. (CNSX:ACB) now has more than 6,500 active registered patients, just seven months after the company sold its first product.

That’s believed to be the fastest rate of patient registration after commencement of commercial operations achieved by any Licensed Producer in Canada, the company explained.

The company also hit $1mln in gross revenue in July, with 24% sales growth month-over-month.

"The Aurora Standard continues to deliver," said Aurora CEO Terry Booth. "To grow to over 6,500 registered patients in seven months is unheard of, and has only been possible due to consistent execution on our production, commercial and customer experience strategies."

Aurora’s sales of dried cannabis showed strong growth, the company explained. The total weight of product sold in July reached 124,000 grams, versus 100,000 grams in the previous month.

Aurora provides same-day delivery of medical cannabis to clients in Calgary and the surrounding area. They operate a 55,200 square foot production facility in Mountain View County, Alberta. The company is also bottling cannabis oil and storing cannabis concentrate, getting ready to son roll out a line of ingestible cannabis oils.

Aurora shares were flat at C$0.67 after mid-session on Thursday.

Thu, 11 Aug 2016 15:24:00 +1000
<![CDATA[News - Aurora Cannabis to buy market share ]]> As vertical acquisitions go Aurora Cannabis Inc. (CNSX:ACB) snapping up patient counselling service CanvasRx must rate as a sage one.

Aurora entered into a letter of intent (LOI) on Wednesday to CanvasRx Inc. Under the terms of the LOI, the purchase price includes an upfront cash payment of C$1,575,000 paid on closing, and additional future consideration based on the achievement of certain performance milestones. The performance milestones include certain patient metrics and the establishment of additional counselling locations.

The Acquisition will unite Aurora, one of Canada’s largest capacity and fastest-growing licensed producers of cannabis, with CanvasRx, the largest medical cannabis patient outreach service in Canada, currently serving 7,000 patients with 17 locations.

In tandem with the acquisition, the Aurora has engaged Canaccord Genuity Corp. () to broker a private placement worth approximately C$15mln.

Proceeds from the private placement are earmarked to be used to satisfy the cash component of the CanvasRx acquisition, as well as fund a major expansion of Aurora’s production capacity, with construction of a second larger production facility in Alberta, Canada. The subscription receipts will be priced in the context of the market.

Aurora shares were up 3.85% at C$0.54 on Wednesday. 

Wed, 08 Jun 2016 19:45:00 +1000
<![CDATA[News - Aurora Cannabis signs plant tissue culture agreement with CanGenX Biotech ]]>

Shares of Aurora Cannabis (CSE:ACB) rose 2.63 percent this afternoon after the company signed an agreement to produce plant tissue culture with Dr. Geoff White of CanGenX BioTech Inc.

In a statement, Aurora said that plant tissue culture is better, giving more control, than traditional asexual propagation techniques such as cloning. Plant tissue culture produces each plant in completely sterile conditions, which means that all batches start in a disease-free environment.

This allows for greater scalability in predicting timeframes while ensuring the integrity of future crops.

Plant tissue culture is more efficient than traditional cloning because it allows for faster propagation, increased yields and healthier plants using less resources. Moreover, plant tissue culture mixes well with pharmaceutical type production, because it is based on the same ‘Good Manufacturing Practices’ in every aspect of the process.

"Healthcare practitioners can be assured that plant tissue culture is just one of the many systems Aurora has implemented to ensure patients have access to safe, high quality standardized cannabis. The signing of the CanGenX BioTech contract confirms once again to our shareholders and industry stakeholders that the Company is committed in ensuring that the Aurora Standard is the Gold Standard throughout North America," said Aurora’s Board Director and Research Council head, Dr. Jason Dyck.

Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical marijuana pursuant to the Marihuana for Medical Purposes Regulations and operates a 55,200 square foot expandable state-of-the-art production facility in Alberta, Canada.

Aurora is entering the US cannabis market through itss wholly-owned subsidiary, Australis Capital Inc.







Wed, 13 May 2015 15:21:00 +1000
<![CDATA[News - Aurora Cannabis surges on medical marijuana producer's license from Health Canada ]]> Aurora Cannabis (CSE:ACB) (OTC:PSNTF) shares jumped 22 percent after it was granted a federal license to produce medical marijuana under Health Canada's MMPR regime instituted last year. 

The news comes after peer Bedrocan Cannabis (CVE:BED) announced it received its second producer's license for medical marijuana in Canada late Thursday.

The company said the license will allow it to begin production of medical cannabis in its expandable 55,200 square foot facility located on 160 acres in Mountain View County, Alberta.

The facility is one of the largest of its kind in Canada, according to Aurora, and is capable of growing up to 8,000 kilograms of marijuana per year. Aurora says it has aggressive expansion plans, and sees the site as an opportunity to identify optimal production strategies to be put into place in future locations across Canada.

"With the team we have assembled and our first facility now complete, I believe we have a very bright future in this industry," said chief executive officer Terry Booth. "We look forward to working with Health Canada focusing on compliance with the high quality standards that the supply of Medical Cannabis requires."

The company is the first to obtain an MMPR producer's license in Alberta, where the total cost of the facility has been estimated at $10.5 million.

Canada's new MMPR (Marijuana for Medical Purposes Regulations) program was developed to replace the Medical Marijuana Access Regulations (MMAR) license regime, which had proven difficult to monitor owing to the many thousands of small-scale growers it covered. The idea behind MMPR, which was introduced last April, was to put licensed growing into the hands of a much smaller number of large commercial operations.

"Being nestled in the foothills of the Rocky Mountains not only allows for a never ending supply of clean, pure mountain fed water but also close proximity to Olds College. Olds College is the largest agricultural College in Alberta and its graduates are approximately 25 percent of agricultural diploma recipients in Canada," the company said in its statement released earlier Friday.

Shares climbed 22 percent, or 11 cents, to 61 Canadian cents on the Canadian Securities Exchange on Friday.

Fri, 20 Feb 2015 14:33:00 +1100