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
What to Expect
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).
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).
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
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%
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).
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.
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.
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.
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%.
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
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).
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
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.
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.
MANAGEMENT AND BOARD
BOARD OF DIRECTORS
MANAGEMENT
CORPORATE GOVERNANCE
CORPORATE GOVERNANCE & POLICIES
Board Mandate (PDF, 146KB)
Charter of the Audit Committee (PDF, 111KB)
Charter of the Compensation Committee (PDF, 93KB)
Charter of the Nominating and Corporate Governance Committee (PDF, 104KB)
Code of Business Conduct & Ethics (PDF, 119KB)
Whistleblower Policy (PDF, 113KB)
Advance Notice Policy (PDF, 7KB)
Majority Voting Policy (PDF, 54KB)
CONSTATING DOCUMENTS
Articles of Incorporation with Amendments as of March 17, 2014 (PDF, 8KB)
Certificate of Name Change (PDF, 15KB)