TSX: ACB | NYSE: ACB
Helps Canadian Medical Cannabis Patients Receive Reimbursement Under Drug Benefit Plans
EDMONTON, March 28, 2019 /CNW/ - Aurora Cannabis Inc. ("Aurora"
or the "Company") (TSX: ACB) (NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that the
Company and its wholly-owned subsidiary CanniMed Therapeutics, have added product information numbers (PINs) to 78 medical
cannabis products to better facilitate and track insurance coverage for their Canadian patients. The products that received PINs
include dried flower, capsules, soft gels, topicals and oils.
PINs help employers and insurance companies classify and incorporate health care products into benefit coverage plans.
Patients submitting claims to their third-party insurer can now identify specific products and thereby speed up
the adjudication and medical coverage process. MedReleaf, another wholly-owned subsidiary of Aurora, introduced PINs
to 57 medical cannabis products in 2018.
"This is great news for insurance companies, employers and most importantly our patients," said Aurora CEO Terry Booth. "Introducing PINs for medical cannabis products will make the claims process more seamless,
enabling insurance companies to add these products to their formularies while providing patients and employers with a simplified
process to complete claims. It's another step toward enhancing patient access, something Aurora cares deeply about."
About Aurora
Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 500,000 kg per
annum and sales and operations in 24 countries across five continents, Aurora is one of the world's largest and leading cannabis
companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from
facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high
value-add product development, home cultivation, wholesale and retail distribution.
Highly differentiated from its peers, Aurora has established a uniquely advanced, consistent and efficient production
strategy, based on purpose-built facilities that integrate leading-edge technologies across all processes, defined by extensive
automation and customization, resulting in the massive scale production of high-quality product at low cost. Intended to be
replicable and scalable globally, our production facilities are designed to produce cannabis of significant scale, with high
quality, industry-leading yields, and low per gram production costs. Each of Aurora's facilities is built to meet EU GMP
standards, and its first production facility, the recently acquired MedReleaf Markham facility, and its wholly owned European
medical cannabis distributor Aurora Deutschland have achieved this level of certification.
In addition to the Company's rapid organic growth and strong execution on strategic M&A, which to date includes 16 wholly
owned subsidiary companies – MedReleaf, CanvasRX, Peloton Pharmaceutical, Aurora Deutschland, H2 Biopharma, Urban Cultivator, BC
Northern Lights, Larssen Greenhouses, CanniMed Therapeutics, Anandia Labs, HotHouse Consulting, MED Colombia, Agropro, Borela,
ICC Labs and Whistler – Aurora is distinguished by its reputation as a partner and employer of choice in the global cannabis
sector, having invested in and established strategic partnerships with a range of leading innovators, including: Radient
Technologies Inc. (TSXV: RTI), Hempco Food and Fiber Inc. (TSXV: HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies
Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Capcium Inc. (private), Evio Beauty Group (private), Wagner Dimas (private),
CTT Pharmaceuticals (OTCC: CTTH), Alcanna Inc. (TSX: CLIQ) and High Tide Inc. (CSE:HITI).
Aurora's Common Shares trade on the TSX and NYSE under the symbol "ACB", and are a constituent of the S&P/TSX Composite
Index.
For more information about Aurora, please visit our investor website, investor.auroramj.com
Neither the TSX, NYSE nor their Regulation Services Provider (as that term is defined in the policies of the TSX and NYSE)
accepts responsibility for the adequacy or accuracy of this release.
Terry Booth, CEO
Aurora Cannabis Inc.
Forward looking statements
This news release includes statements containing certain "forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan",
"continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other
similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions.
Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements
throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking statements, including but not limited to, the potential
offering of any securities by the Company; uncertainty with respect to the completion of any future offering; the ability to
obtain applicable regulatory approval for any contemplated offerings; the ability of the Company to negotiate and complete future
funding transactions, as well as the risks identified under the heading Risk Factors in our Annual Information Form for the
fiscal year ended June 30, 2018. The Company is under no obligation, and expressly disclaims
any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable law.
SOURCE Aurora Cannabis Inc.
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