Aurora Cannabis Inc. announced that the company's construction of a 300,000 square foot expansion at the Edmonton International Airport is progressing well. The new facility, named Aurora Polaris, is intended to serve as Aurora's centre for the industrial-scale production of higher margin, value added products, such as edibles which Health Canada regulations propose to permit from October 2019 onwards. Aurora Polaris will allow for enhanced capabilities for the company's logistics and warehousing needs required to serve ever increasing global requirements. The facility is designed to include additional research and development space. Construction of the facility is anticipated to be completed in late 2019. Polaris is immediately adjacent to Aurora's Sky facility.
Aurora, through its science, product development and opportunities teams, has identified a number of potential, high-margin value added products it intends to bring to market, including edible products such as baked goods, chocolates, mints, and infused beverages, in addition to concentrates such as vape products, cosmetics, and softgels. In executing on its derivatives strategy, the company is already engaging with a number of technology partners.
By having a physically separate, dedicated post-cultivation processing space, Aurora anticipates realizing cost savings, ease of licensing, increased facility efficiencies, and improved workflow. Additionally, this specialized space permits Aurora to adapt to future regulatory changes that are anticipated to be implemented in the coming years, both domestically and internationally.
"We intend to integrate Polaris with operations at Aurora Mountain, Aurora Sky and Aurora Sun, generating operational efficiencies and hard to imitate vertical integration synergies. Its location at the Edmonton International Airport, will assist us to rapidly deliver product to all our target markets, domestically and internationally.", the CEO Terry Booth says.
In a recent intervention, Terry Booth told analysts and investors that he “loses sleep” over the industry’s ability to supply the global cannabis market, "“It will be at least five years until we have an oversupply situation,” the CEO explained.
For more information:
Aurora
P.O. Box 209
Cremona, AB. T0M0R0
1-844-928-7672
auroramj.com
