Overview

CORPORATE PROFILE

With a current funded capacity of 430,000 kg per year, increasing to over 570,000 kg per year upon the successful closing of the MedReleaf acquisition, Aurora is one of the world's largest and fastest growing cannabis companies.

Aurora has created a growing constellation of subsidiaries and strategic partnerships that provide differentiation in terms of geographic reach, production, technology, product offering, and execution.

With a growing number of countries adopting medical cannabis legislation, the Company has embarked on an aggressive international expansion strategy that currently sees Aurora with operations and/or sales and participations in Germany, Denmark, Italy and Australia.

Agility

Despite having received its licence some 18 months later than most of its closest competitors, through agile execution Aurora has overtaken nearly all of these in terms of registered patients and revenues. The cannabis industry is still in its early stages, and by capitalizing rapidly on multiple opportunities, Aurora has quickly become one of the globally dominant companies in the sector.

Innovation

Aurora implements technology across all corporate functions, from cultivation, to production, to customer care. This is evidenced by Aurora Sky, the Company's 800,000 square foot flagship facility, by launching the world’s only mobile app for ordering medically prescribed cannabis, by being the only LP to service two metropolitan areas with same-day delivery, and through innovative products such as the Aurora Envoy, the world's most advanced clone transporter.

Execution

The Company's ability to execute is demonstrated with Aurora Vie, which was acquired, completed to EU GMP standards and licensed within six months. Aurora has made a number of strategic investments that are well-integrated into the operational infrastructure of the Company. Consequently, the value of these investments, several of which in public companies, has increased significantly.Having one of the industry's strongest balance sheets, Aurora has the means to execute on further, accelerated growth.

Timeline

June 17, 2013

Aurora Founded

May 22, 2014

Commence Trading on CSE

February 17, 2015

Cultivation License

October 5, 2015

Migration to TSX-V

November 27, 2015

Sales License Granted

January 4, 2016

Dry Cannabis Selling Commences

August 16, 2016

Canvas Rx acquisition

April 20, 2017

Sales of Cannabis Oil Commences

May 26, 2017

Pedanios Acquisition

June 8, 2017

Strategic Investment in Hempco

July 24, 2017

Commence Trading on CSX

September 19, 2017

Aurora Starts Supplying to German Market

October 2, 2017

BCNL and Urban Cultivator Acquisitions

November 23, 2017

Aurora Eau and Larssen Ltd. Acquisitions

January 2, 2018

Namaste MD Platform Licence Granted

January 4, 2018

1,000,000 ft2 European Expansion

January 4, 2018

Strategic Investment in TGOD

February 2018

Aurora PRO Launched

February 2018

Aurora Makes Investment in Liquor Stores N.A

February 2018

Supplier Agreement with SAQ

February 2018

Supplier Agreement with Shoppers Drug Mart

 
Aurora Cannabis and Evio Beauty Group Agree to Strategic Partnership
July 11, 2018

Aurora Founded

Commence Trading on CSE

Cultivation License

Migration to TSX-V

Sales License Granted

Dry Cannabis Selling Commences

Canvas Rx acquisition

Sales of Cannabis Oil Commences

Pedanios Acquisition

Strategic Investment in Hempco

Commence Trading on CSX

Aurora Starts Supplying to German Market

BCNL and Urban Cultivator Acquisitions

Aurora Eau and Larssen Ltd. Acquisitions

Namaste MD Platform Licence Granted

1,000,000 ft2 European Expansion

Strategic Investment in TGOD

Aurora PRO Launched

Aurora Makes Investment in Liquor Stores N.A

Supplier Agreement with SAQ

Supplier Agreement with Shoppers Drug Mart

CanniMed Signs Letter of Intent with Pharmasave

Aurora Cannabis Completes Agreement with the Société des Alcools du Québec to Supply Cannabis for Quebec Adult Consumer Market

Aurora Cannabis Completes First Ever Private Export of Medical Cannabis to Italy

Aurora Cannabis Gains Exclusive License to Novel Patented Sub-Lingual Wafer Technology from CTT Pharmaceutical

Aurora Cannabis to Build "Aurora Sun", 1.2 Million Square Foot Facility in Medicine Hat, Alberta

Aurora Completes CanniMed Acquisition

Aurora Cannabis to Acquire MedReleaf

Aurora Cannabis Makes Strategic Investment in CTT Pharmaceutical

Aurora Cannabis Signs Agreement with Heinrich Klenk GmbH & Co. KG

Aurora Cannabis Launches New Cannabis Product Line - Aurora Frost

Aurora Cannabis Enters into Global Softgel Business with Capcium Inc.

Aurora Cannabis to Acquire Cannabis Science Leader Anandia Laboratories Inc.

Aurora Cannabis Closes Strategic Investment in Choom Holdings

Aurora Cannabis Ships Products to Maltese Medical Cannabis Market

Aurora Cannabis Announces $200 Million Debt Facility with BMO

Aurora Cannabis Establishes Supply Agreement with the Alberta Gaming, Liquor & Cannabis Commission (AGLC)

Aurora Cannabis and Evio Beauty Group Agree to Strategic Partnership

Aurora Cannabis Joint Partnership with Wagner Dimas Disrupts Pre-Roll Market

What to Expect

CAPACITY EXPANSION

To supply the rapidly growing global medical cannabis markets, as well as position the Company on pole position to service the adult consumer-use market in Canada, once legalized (anticipated summer 2018), Aurora is rapidly expanding production capacity:

  • The Company currently has two fully operational facilities: Aurora Mountain (Cremona, AB), and Aurora Vie (Pointe-Claire, QC).
  • Has received the production licence for its 100,000+ kgpa Aurora Sky flagship facility. Plant material has been moved into the facility, and production will ramp up over the coming quarters. Full completion of the facility is anticipated for mid 2018. This facility at the Edmonton International Airport will be the world’s most technologically advanced and largest capacity, purpose-built cannabis facility, designed to deliver high-quality cannabis at ultra-low production costs.
  • Is completing one further facility at Lachute, QC.
  • Is completing the formation of a JV in Denmark, which will build Europe's largest cannabis facility, measuring 1,000,000 sq. ft.
  • Funded capacity, including a 17.62% ownership interest in The Green Organic Dutchman, a producer of organic cannabis, exceeds 260,000 kg per year.

INTERNATIONAL EXPANSION

  • Aurora Europe GmbH: Reflecting the importance of the European market, Aurora has established a pan-European company, Aurora Europe GmbH and incorporated a number of local subsidiaries, an important step towards becoming part of the cannabis infrastructure in each of these countries. This includes Aurora’s wholly owned subsidiary, Pedanios GmbH, which will henceforth operate as Aurora Deutschland GmbH. Aurora Deutschland GmbH is Europe's largest distributor of cannabis and operates in the German market, which, with over 82 million people and broad insurance coverage of medically prescribed cannabis, is growing fast. Aurora has also established Aurora Italia, Aurora Nordic (Denmark), as well as a number of other, local companies. Aurora currently employs over 70 people in Europe and anticipates this number to grow substantially over the coming months as it expands its business activities across the European continent.
  • Aurora is one of only a few licensed cannabis companies that has EU GMP certification from cultivation through to import, release and distribution. This provides a very significant competitive advantage in a market with potentially over 400 million people and very few companies presently capable of servicing it.
  • Aurora was the sole winner of the first public tender to supply cannabis to Italy. Only two companies made it through to the final tender round, with Aurora being awarded all three lots. The Company anticipates that this early mover advantage should position Aurora well for further expansion in this market with over 60 million people.
  • Aurora is the cornerstone investor in Cann Group, Australia's first licensed cannabis company.
  • Aurora owns 51% of Aurora Nordic, a JV with one of Europe's largest growers of greenhouse vegetables. Aurora Nordic will construct an ALPS (Aurora Larssen Projects Ltd) designed, ultra-modern, high-technology greenhouse capable of producing in excess of 120,000 kg of cannabis per year.
  • To accelerate production and revenue generation in Europe, Aurora Nordic is retrofitting and existing greenhouse in Odense, Denmark, which should add some 8,000 kg per year in capacity while the main hybrid facility is being constructed.

ADULT CONSUMER USE

Aurora is preparing for the legalization of the adult consumer use market for cannabis in Canada. In addition to ramping up production capacity, Aurora has engaged in a number of initiatives to drive growth:

  • A 19.88% ownership interest in Liquor Stores N.A. (TSX: LIQ), the dominant alcohol retail chain in Western Canada. Liquor Stores will be converting a number of existing outlets, as well as develop new stores in strategic locations, for the sale of cannabis to the adult consumer use market.
  • Aurora PRO (https://pro.auroramj.com) is a broad service offering that leverages Aurora's purchasing power, quality assurance processes, technological infrastructure, cultivation know-how, distribution channels, as well as its best-in-class customer service to help simplify the sales process and effectively deliver products to market. Aurora PRO creates a quick, seamless, and scalable platform to facilitate wholesale B2B transactions, while at the same time offering a broad range of operational support services and market intelligence to private retailers.
  • Aurora has signed a supplier agreement with the Société des Alcools du Québec ("SAQ") to supply cannabis for the Quebec adult consumer market.

DIVERSIFICATION

  • The Company is rapidly diversifying its offering through acquisitions, R&D and strategic partnerships. This enables the Company to address multiple market segments, positioning Aurora for further rapid growth.

Facilities

OUR FACILITIES

Innovation is in Aurora’s DNA, and the Company is the industry leader in integrating technology into the design and operation of its facilities. Aurora Mountain is the world’s first indoor cannabis facility that was purpose-built from scratch. The lessons learned at Mountain, one of the world’s most efficient facilities, are now applied across the Company’s new facilities. Aurora Mountain is an EU GMP certified facility, meaning the Company is certified to export cannabis from Aurora Mountain to Germany, and through its wholly-owned subsidiary Pedanios GmbH, to service the wider EU market.

Having spent a year doing extensive due diligence to identify the right partner to help the Company design its flagship facility, Aurora Sky, the Company partnered with Larssen Ltd., the world’s preeminent designer of ultra-modern, ultra-efficient and ultra-low cost (OpEx) greenhouses. Aurora Sky, currently under construction, will be the world’s largest capacity and most technologically advanced cannabis facility.

Meanwhile the Company has been expanding its footprint through the acquisition of Peloton Pharmaceuticals and Aurora Eau, both in Quebec. The Peloton facility, now called Aurora Vie, was completed to EU GMP standards, and licensed in under six months. The Company is currently completing the Aurora Eau facility to EU GMP standards also.

aurorasun

  • Located in Medicine Hat, the sunniest city in Canada, with more than 2,500 hours of sunshine per year.
  • 1,200,000 square foot, or over 21 football fields, the footprint of Aurora Sun will be 50% larger than Aurora's Sky
  • 850,000 square feet of flowering space built in compliance with European Union (EU) Good Manufacturing Practices (GMP) standards, ensuring product from the facility can be exported anywhere in the world where cannabis is nationally legal for medical or (in future) adult usage purposes
  • Production capacity of 150,000+ kg Per Year

aurorasky

  • 800,000 square foot.
  • 100,000+ kg per annum cultivation capacity.
  • Strategically located at Edmonton International Airport, Alberta, Canada, providing immediate access to domestic and international courier services, customs, security and a whole host of other logistics and infrastructure benefits.

auroramtn

  • World’s first indoor purpose-built cannabis facility.
  • EU GMP certified.
  • 55,200 square foot.
  • 4,800 kg per annum cultivation capacity.
  • Cremona, Alberta, Canada.

auroravie

  • Yield-optimized indoor cultivation facility.
  • Built to EU GMP standards.
  • 40,000 square foot.
  • 4,000 kg per annum cultivation capacity.
  • Pointe-Claire, Quebec, Canada.

auroraeau

  • Acquired November 2017.
  • To be completed to EU GMP standards.
  • 48,000 square foot.
  • 4,500 kg per annum cultivation capacity.
  • Lachute, Quebec, Canada.

auroranordic

  • 51% owned JV with Alfred Pedersen & Søn ("APS").
  • Construction to start of 1,000,000 square foot hybrid greenhouse similar to Aurora Sky in terms of technology adoption.
  • To be completed to EU GMP standards.
  • 120,000+ kg per year cultivation capacity.
  • Located in Odense, Denmark.

STRATEGIC NETWORK

GROWING CONSTELLATION OF SUBSIDIARIES AND STRATEGIC PARTNERS

Aurora is building a growing constellation of subsidiaries and trusted strategic partners that provide the Company with:

Access To Groundbreaking Technologies

Radient Technologies
  • Next generation extraction technology for the cannabis sector, delivering a magnitude improvement in throughput while preserving terpenes.
  • Aurora owns 17.23% of Radient.
  • Radient is a public company, listed on the TSX-V (Symbol: RTI).
radientinc.com
Micron Waste Technologies
  • Reducing organic waste to clean water that meets municipal effluent discharge criteria.
  • Aurora and Micron are finalizing an agreement under which Aurora would make a strategic investment in Micron, leading to a 9% ownership.
  • Micron is a public company, listed on the CSE (Symbol: MWM).
micronwaste.com
Capcium
  • Montreal-based global leader in softgel manufacturing
  • Developed expertise specific to the cannabis industry which an provide high-volume production capacity
  • Aurora has acquired a 19.99% ownership interest in Capcium
capcium.com
CTT Pharmaceuticals
  • CTT is the global leader in the development of dose specific fast dissolving oral thin film wafers that provide a dose specific, smoke-free delivery of medical cannabis or other active ingredients
  • CTT has provided Aurora with global exclusivity to develop, manufacture and market CTT's novel oral thin films wafers
  • Aurora has acquired an 9.14% ownership interest, with warrants enabling to Aurora to increase ownership to 42.5%
cttpharmaceuticals.com

Increased Geographic Reach

Cann Group (Australia)
  • Cann has established research and development and cultivation facilities in Australia and has executed collaboration agreements that will enable it to establish a leading position in plant genetics; breeding; cultivation; extraction; analysis and production techniques to facilitate the supply of medicinal cannabis for a range of diseases and medical conditions.
  • 22.9% owned by Aurora.
  • Cann Group is a public company, listed on Australia's ASX (Symbol: CAN).
canngrouplimited.com
Pedanios (Germany)
  • Pedanios is Germany’s largest distributor of medical cannabis, servicing over 2,000 pharmacies in a country with over 82 million people, and where medically prescribed cannabis is broadly covered by national insurance.
  • Pedanios is one of only a few companies with EU GMP certification for the import, release and distribution of cannabis, enabling the Company to service other EU countries, creating access to a market that potentially will have over 400 million people.
  • 100% owned by Aurora.
pedanios.com/index_en.html
Aurora Nordic (Denmark)
  • Owned 51% with partner, Alfred Pedersen & Son, owning 49%.
  • Will construct Europe's largest cannabis facility.
  • New ALPS-designed facility will measure 1,000,000 sq. ft.
  • Partner is one of Europe's largest producers of greenhouse grown vegetables (~100,000 kg/day).

A Diversified Product Offering

BC Northen Lights
  • The gold standard for indoor hydroponic grow boxes.
  • Targeting the cannabis homegrown market.
  • 100% owned by Aurora.
bcnorthernlights.com
Urban Cultivator
  • The gold standard for urban gardening.
  • Urban Cultivator indoor gardens can grow healthy and organic vegetables, herbs, and microgreens in any kitchen.
  • Used and endorsed by global enterprises and celebrities, such as Martha Stewart.
  • 100% owned by Aurora.
urbancultivator.net
Hempco Food And Fiber
  • Diversification into hemp-based food supplements and other hemp-based products.
  • Low-cost source of CBD material.
  • Ownership interest up to >50%.
hempcocanada.com
CannaRoyalty/AltMed (MūV)

Currently finalizing concerning the acquisition by Aurora of the exclusive rights for Canada, Europe and Australia to the intellectual property, manufacturing procedures and the sales and marketing rights related to a portfolio of specialty branded cannabis drug delivery technologies from the award-winning MüV brand, including:

  • MüV Metered Dose Inhaler
  • MüV Transdermal Patch
  • CBD Sports Gel
  • CBD Hydrating Lotion
  • THC Sports Gel
  • THC Hydrating Lotion
  • THC Pain Relief Cream
muvproducts.com
The Green Organic Dutchman (TGOD)
  • Producer of premium organic cannabis.
  • Initial ownership interest 17.62%, with option to increase ownership ultimately, upon TGOD achieving certain milestones, to 51% (incrementally).
  • ALPS to assist in completion of 150,000 sq. ft. Ancaster facility (Ontario).
tgod.ca
Choom Holdings 
  • Choom has a curated portfolio of high-grade cannabis strains with ideal characteristics for craft growing, targeting the premium segment of the adult consumer use market 
  • Choom has secured rights to 17 retail leases in highly defensible locations throughout Alberta
  • Aurora currently owns 8% of Choom
choom.ca
Anandia Laboratories
  • The industry leader in science, genetics, and independent cannabis product testing
  • Anandia's intellectual property includes the exclusive rights to a number of key genes in the cannabinoid pathway, as well as patents pending for genetic markers
  • 100% owned by Aurora.
anandia.ca

Project Consulting

Larssen Ltd, Now Part Of Aurora Larssen Projects Ltd (ALPS)
  • The world's premier greenhouse design and consultancy firm.
  • Responsible for the design of Aurora Sky.
  • Engaged with 15 cannabis companies globally.
  • 100% owned.
alpsmj.com

MANAGEMENT AND BOARD