Aurora has been aggressively expanding its production potential in an effort to secure lucrative long-term supply deals, and perhaps attract a brand-name partner in the beverage, snack, tobacco, or pharmaceutical industry. Plus, with the legal cannabis market still nascent, Aurora projects to have a good chance of grabbing market share in the early stages of legal marijuana sales.
In the company's press release highlighting its fiscal second-quarter operating results, which ended Dec. 31, 2018, it was noted that 20% of all cannabis sold in Canada between the beginning of October and the end of the year was attributed to Aurora. At its expected annual run-rate of more than 150,000 kilos by the end of this month, none of its peers are even close to keeping pace.
According to Aurora's management team, the company is on track for more than 500,000 kilos in annual run-rate production by mid-2020. However, yours truly expects the company to come in at 700,000 kilos per year once its facilities are fully licensed, permitted for sale, and operating at peak efficiency. How exactly does Aurora get to 700,000 kilos?
Click here to check out the production rate of each Aurora's facility
