Aurora Cannabis Stock (TSX:ACB) (OTC:ACBFF) - Investor Dashboard
Aurora Cannabis – Facilities
Aurora – Mountain View County, Alberta
Flagship Cannabis Production Facility
The Company’s operations are located in a state-of-the-art, 55,200 square feet of expandable licensed production space (the “Facility”). The Facility is of pharmaceutical production grade quality with hydroponic greenhouse high pressure sodium lighting and nutrient delivery equipment which is capable of producing over 8,000 kilograms of medical cannabis per year. It is located off Highway 22 and situated on approximately 154 acres of land in Mountain View County near Cremona, Alberta. It is nestled in the foothills of the Rocky Mountains which allows for a never-ending supply of clean, pure, mountain-fed water, an ideal location for security, tax benefits, shipping, farm credit eligibility and product growth. The Facility cost approximately $10.8 million as of March 31, 2016. MNP LLP conducted a valuation of the Company’s Facility in accordance with Canadian Uniform Standards of Professional Appraisal Practice propagated by the Appraisal Institute of Canada and determined that as of March 1, 2015, the fair AURORA CANNABIS INC. Management’s Discussion & Analysis For the three and nine month periods ended March 31, 2016 and 2015 3 market value of the Facility, which includes the land that has yet to be acquired, building, site improvements, fixture and equipment, to be between $11.6 million and $12.6 million.
Aurora Sky – Leduc County, Alberta
14-Acre Fully Automated Greenhouse
Aurora Sky will be an 800,000 square foot production hybrid greenhouse facility, with a footprint larger than 16 football fields. It is expected, on completion, to be the largest, most advanced and most automated cannabis production facility in the world. Situated on 30 acres of leased land in Leduc County, Alberta, management anticipates Aurora Sky to be capable of producing in excess of 100,000 kilograms of high quality, low cost cannabis per year. The location of the new facility provides unrivaled access to transportation, industrial infrastructure, power, water, gas, and courier services.
First harvest expected in early 2018
On April 28, 2017, through the acquisition of Peloton, the Company acquired a 40,000 square foot cannabis production facility in Pointe-Claire, Quebec, which received a ready-to-build letter from Health Canada in 2014. The Company estimates that as of the date of acquisition, construction at Pointe-Claire was approximately 80% complete. As of the date of this AIF, construction upgrades are nearly complete. Internal design and construction have been conducted specifically to ensure the facility meets Good Manufacturing Practices (GMP) standards. The Aurora cultivation team has validated breeding and selection for approximately a dozen new strains of cannabis to be grown at the Pointe-Claire facility which will further enhance the Company’s market offering to patients. Production is expected to commence before the end of 2017 with first harvest expected in early 2018. At full capacity, the facility is expected to have a capacity of producing up to 3,900 kilograms of cannabis annually.
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