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Aurora Commences Sales of Cannabis Oils
VANCOUVER, April 20, 2017 /CNW/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSX-V: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) today announced that the Company has commenced sales of a new product line of ingestible cannabis oils called Aurora Drops.
The Company’s newest offerings include three distinct product types all priced equally at a standard flat rate of $115 per bottle, or $80 per bottle for clients approved for Aurora’s compassionate pricing program:
- THC Drops (Sativa) – a high potency THC oil extracted from Cannabis Sativa flowers
- THC Drops (Indica) – a high potency THC oil extracted from Cannabis Indica flowers
- CBD Drops – a high potency oil extracted from Aurora’s flagship CBD strain Temple (Cannatonic)
The Company’s ingestible cannabis oils come in 30 ml glass bottles with a child resistant certified cap and dropper to allow for the easy and accurate dosing of small amounts of the high potency fluids, and are produced using CGMP compliant supercritical CO2 extraction technology, as well as using an MCT carrier oil sourced from coconut oil.
As with all of Aurora’s cannabis products, the test results from the independent third-party lab for each batch of ingestible oil are publicly available. Test results can be accessed online at auroramj.com/strains, or through the Aurora Mobile app, a feature rich mobile experience for iOs and Android that displays inventory tracking and restocking events, and sends push notifications for new product releases.
“The launch of our first ingestible oil products represents a major milestone, which promises to add significantly to Aurora’s top and bottom line results,” said Neil Belot, Chief Global Business Development Officer. “We have produced a sizeable inventory of Aurora Drops for our domestic medical client base, and will be continuing to ramp up production in order to address the strong demand we anticipate for high-quality, high-margin derivative products, manufactured under the rigorous Aurora Standards regarding processes, testing, and transparency.”
The Company recently signed a Memorandum of Understanding with Radient Technologies Inc. (“RTI”) with regards to the joint development and commercialization in Canada of superior and standardized cannabinoid extracts produced using RTI’s high-throughput, terpene-preserving, proprietary extraction technology.
The strategic partnership with RTI has the potential to be a game changer in this high-margin, high-growth segment of the cannabis market. If the technology works as we anticipate, Aurora will be able to produce high volumes of terpene-rich cannabis derivatives at lower costs and much shorter harvest-to-market times than any company using current industry benchmark technologies.
Terry Booth, CEO
This would give us an even stronger competitive advantage in what may well become the dominant market segment. The launch of sales is the first step in establishing our brand in the derivatives market, and we are very pleased that we are able to expand our offering to a customer base looking for alternative methods to consume cannabis.
The companies’ technical feasibility and commercial opportunities study currently underway is proceeding well, and is expected to be completed soon.
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, is currently constructing a second 800,000 square foot production facility, known as “Aurora Sky”, at the Edmonton International Airport, and has acquired and is undertaking completion of a third 40,000 square foot production facility in Pointe Claire, Quebec, near Montreal. In addition, the company is the cornerstone investor with a 19.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis. Aurora’s common shares trade on the TSX-V under the symbol “ACB”.
Original press release: http://www.newswire.ca/news-releases/aurora-commences-sales-of-cannabis-oils-619938633.html
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