EnjoyLifeToday wrote: ACB Aurora receives Australia cannabis import/export permit
Tue Jan 23 14:57:03 2018 EDT
Aurora Cannabis Inc (TSX:ACB)
Shares Issued 452,733,103
Last Close 1/22/2018 $14.50
Tuesday January 23 2018 - News Release
Mr. Terry Booth reports
AURORA CANNABIS PROVIDES UPDATE ON INTERNATIONAL ACTIVITIES
Aurora Cannabis Inc. has provided an update on the company's international activities.
Denmark: acceleration to market
Further to Aurora's Jan. 4, 2018, news release, the company's Aurora Nordic joint venture will be accelerating its time to market in Denmark with the retrofit of an existing 100,000-square-foot greenhouse in Odense, Denmark, owned by Alfred Pedersen & Son. Subject to licensing by Lagemiddelstyrelsen, Denmark's medicines agency, this will enable Aurora Nordic to commence the cultivation of cannabis during the summer of 2018, while the company is constructing its new purpose-built high-technology one-million-square-foot production facility.
Italy: first tender
Further to the company's news release of Jan. 18, 2018, Aurora today announces that the amount of product for the first tender consists of three lots with different cannabinoid profiles, totalling 100 kilograms. Further orders by the Italian Ministry of Defense will be subject to additional tender processes, in which Aurora and Pedanios will continue to participate. While the first tender was set at 100 kg, the Italian Ministry of Defense has the option to increase the amount requested.
This is Aurora's first step into supplying the tightly restricted Italian market, and provides Aurora with first mover advantage. Prior to the new tender process, medical cannabis in Italy has been supplied through two sources only: the Ministry of Defense, and seven distributors licensed to procure medical cannabis from the Ministry of Defense, or source internationally from the Dutch Office of Medicinal Cannabis. No import licenses from other sources into the Italian market have been granted to date.
Germany: rapid market growth
The German market continues to develop rapidly. During the period covering March, 2017, to end of November, 2017, approximately 13,000 people applied for reimbursement of their medical-cannabis prescription, with a 65-per-cent approval rate. Insurance company AOK Versicherung, which represents approximately 50-per-cent of all insured people in Germany, published that in December, 2017, alone, approximately 7,500 people applied for reimbursement through that company, which implies a national figure of 15,000 for all of Germany, for that single month.
To date, Pedanios remains the European Union's largest distributor of cannabis by volume of product sold, has completed deliveries to over 2,200 pharmacies, and continues to build market share rapidly. Pedanios remains the only distributor to offer cannabis flower sourced from both Canada and the Netherlands, and offers 11 of the 15 licensed varieties in Germany.
Australia: import/export permit granted
Cann Group has been granted a licence to import and/or export cannabis genetics and medicinal cannabis products by the Australian government's Department of Health, through the Office of Drug Control. The licence enables Cann Group to import genetics from Aurora to help broaden the company's portfolio of medical cannabis products, pending Aurora's receipt of an export permit from Health Canada.
About Aurora Cannabis Inc.
Aurora's wholly owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). The company operates a 55,200-square-foot, state-of-the-art production facility in Mountain View county, Alberta, known as Aurora Mountain, a second 40,000-square-foot high-technology production facility known as Aurora Vie in Pointe-Claire, Que., on Montreal's West Island, and is currently constructing an 800,000-square-foot production facility, known as Aurora Sky, at the Edmonton International Airport, as well as is completing a fourth facility in Lachute, Que., through its wholly owned subsidiary Aurora Larssen Projects Ltd.
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