Here is the news.
Aurora Cannabis receives medical pot sales licence
2015-11-30 11:50 ET - News Release
Mr. Terry Booth reports
HEALTH CANADA ISSUES A SALES LICENSE TO AURORA CANNABIS INC.
Aurora Cannabis Inc.'s wholly owned subsidiary, Aurora Cannabis Enterprises Inc., has been granted a licence from Health Canada to sell medicinal cannabis pursuant to the Marihuana for Medical Purposes Regulations.
Neil Belot, Chief Brand Officer, commented, "People seeking a holistic approach to health and wellness, who believe in medical cannabis and the healing power of nature, can now choose a culture and community minded Licensed Producer which truly understands their needs."
The sales license authorizes Aurora for the sale of medicinal cannabis to patients across the country vaulting it into a leading position within the industry. Aurora's 55,200 square foot indoor production facility in Alberta is capable of producing over 5,400 kg of medicinal-grade cannabis per year.
Out of all the publicly traded fully licensed producers in Canada, Aurora has the second most licensed indoor production space and the largest purpose-built indoor production facility.
Aurora also has the advantage of producing at lower costs as it has access to mountain-fed fresh water table on approximately 160 acres of land, sub $0.03 per kilowatt hour electricity costs and the least expensive corporate tax rates in the country.
With a new comprehensive website set to launch in the coming days, pre-registration of patients will begin immediately and product deliveries are expected to commence in December 2015.
Aurora anticipates the facility to be at its full production capacity by May 2016. Once in full production, Aurora has the capability of harvesting over 130 kg of medicinal cannabis every 7 to 10 days. As previously announced, micro-propagation through plant tissue culture technology will support the facility in ramping up to maximum production capacity while preserving the full genetic potential of Aurora's production stock.
Terry Booth, CEO, commented, "I would like to thank the shareholders of Aurora for their patience and faith. I would also like to congratulate the Aurora team for their dedication and commitment to bringing this world-class facility into the marketplace. The next phase in establishing the Aurora Standard in producing and selling the highest quality cannabis now transitions into providing unparalleled customer service to all of our future patients."
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