Aurora Cannabis Sells Polaris Facility, Reiterates Adjusted EBITDA Outlook

Aurora Cannabis Inc. ACB ACB has closed the sale of its Aurora Polaris facility for gross proceeds of approximately $15 million.

The company announced shutting down its Edmonton, Alberta-based facility, back in September 2021, as a part of its ‘business transformation plan,’ which included cost efficiency initiatives.

Aurora's balance sheet remains in a net cash position, with approximately $320 million of cash and cash equivalents (including approximately $63 million of restricted cash) inclusive of the Polaris facility transaction, and the company reiterates its expectation of achieving adjusted EBITDA profitability for the quarter ending December 31, 2022.

About Aurora

The company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co. Aurora also has a controlling interest in Bevo Farms.

Get your daily dose of cannabis news on Benzinga Cannabis. Don’t miss out on any important developments in the industry.

Photo: Benzinga edit with photos by geralt and lindsayfox on Pixabay

Related News

Italian Army Corners Cannabis Production Market: Grows Top-Grade Weed With Secret Nutrients

Aurora Cannabis' Health Plans, Hemp Pesticides In MA, Digital MJ Cards In NM, Virginia Delta 8, Oregon Pardons

Aurora Cannabis Repurchases $76.1M Principal Amount Of Convertible Notes


 

ACB Logo
ACBAurora Cannabis Inc
$5.510.66%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
65.66
Growth
Not Available
Quality
Not Available
Value
89.49
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:

Cannabis is evolving—don’t get left behind!

Curious about what’s next for the industry and how to stay ahead in today’s competitive market?

Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.

Secure your spot now before prices go up—this is where the biggest deals and connections happen!

Get your tickets today!

Comments
Loading...