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Aurora Cannabis Issues Updates On Polaris, Insider And Facilities Under Construction

October 3, 2019 8:49 am
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Aurora Cannabis Issues Updates On Polaris, Insider And Facilities Under Construction

Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB) provided a corporate update on its business operations and announced the launching of Aurora Insider, an investor-oriented blog on which the company plans to post updates and news about its business.

"Aurora takes its leadership position in the global cannabis industry seriously, and is committed to being open and transparent with all of our stakeholders," said Terry Booth, CEO of Aurora. "The Aurora team is working to advance several major strategic initiatives in Canada, the United States and abroad aimed at further strengthening Aurora's global position."

Furthermore, the company provided several updates such as those on facilities in construction.

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Aurora Polaris, the company’s hub, is almost fully constructed, and Aurora Cannabis expects its staff to move in somewhere in the first week of November.

The two facilities Aurora Sun and Aurora Nordic are still under construction, with Aurora Sky nearing completion and Aurora Nordic’s outdoor construction also being almost complete.

Other company’s facility constructions that are either on track or near-completed include Whistler Pemberton, Canadian Cannabis Innovation Center, while its subsidiary Anandia Laboratories Inc is scheduled to open its new headquarters in Vancouver, British Columbia on Oct. 8.

The company’s updates on operational facilities included the first harvest at Aurora Valley, which began Wednesday, Aurora Sky’s production being on track with its annual production target, and the first harvest at Aurora Eau being underway.

See Also: Aurora Cannabis Partners With UFC To Advance CBD Research, Product Development

Aurora Cannabis also updated about being in the final stages of forming an athlete intake survey for submission to an Independent Review Board as part of its joint research program with the Ultimate Fighting Championship.

The stock closed Wednesday's session at $4.15 per share.


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