Sales of four product lines of cannabis oils commenced in April, 2017.Īfter legalization in Canada - October 2018 Ĭanada legalized the retail sale of cannabis nationally on October 17, 2018.
Aurora cannabi stock license#
On January 10, 2017, Aurora received a license from Health Canada to sell cannabis oils, having been granted a license to produce the oils in February 2016. Since then they have built, and are operating, numerous growing facilities throughout Canada, Europe, Asia, Latin America and Oceania. On November 27, 2014, Health Canada issued Aurora's first license to sell medical cannabis. They decided to establish the company in Alberta due to comparatively low corporate tax rates and an ideal farm credit program. The company received its license to grow cannabis in 2014, making it the first cannabis producer to obtain a federal license in that province. The founding group secured a 160+ acre parcel of land in Mountain View County, Alberta, where they established Aurora's first facility. Booth and Dobler collectively invested over $5 million of their own capital. 1.3 Class action lawsuits in the United StatesĪurora was founded in 2006 by Terry Booth, Steve Dobler, Dale Lesack and Chris Mayerson.1.1 After legalization in Canada - October 2018.In February 2020, cofounder and chief executive, Terry Booth, resigned, being replaced by Executive Chairman Michael Singer as interim CEO. Īfter significant expansion in 2018, the company reduced expenses in the second half of 2019 when the Canadian recreational cannabis market had low sales due to excessive inventory and uncompetitive pricing with the black market. The company began trading on the NYSE on Octousing the ticker ACB. Aurora is the second largest cannabis company in the world by market capitalization, after Canopy Growth Corporation. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It trades on the Toronto Stock Exchange and Nasdaq as ACB. is a Canadian licensed cannabis producer, headquartered in Edmonton. Pedanios GmbH, Urban Cultivator, Australis Capital Inc., CanvasRx Inc., H2 Biopharma Inc., Peloton Pharmaceuticals Inc., Aurora Larssen Projects Ltd., Larssen Ltd., Aurora Cannabis Enterprises Inc., BC Northern Lights Enterprises Ltd., Medreleaf (Australia)Īurora Cannabis Inc.
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