Aurora Cannabis

Posted By on August 10, 2017

Aurora Cannabis (TSX:ACB)

Next on our Canadian marijuana stocks is Aurora Cannabis.

The company’s production facilities are located in Mountain View County, Alberta, near the Rocky Mountains. The company aims to “produce the cleanest, safest medical cannabis available on the market,” and all of its strains are currently offered at $9 per gram.

On September 2, 2016, Aurora surpassed 7,700 active registered patients, just under eight months after the Company’s first sale of the product. In November 2016, the company announced construction had begun on its 800,000 square foot Aurora Sky expansion, with a target completion for October 2017.  In December, Aurora announced the production facility would be located at the Edmonton International Airport. Subject to conditions, the company notes it will lease 30 acres from the Edmonton Regional Airports Authority.

Much like the companies listed above, 2017 has been a boisterous year for the company. For example, at the end of March, the company became the first Canadian producer to begin trading on the OTCQX Best Market in the US. Not long after–at the beginning of April–the company completed the acquisition of Peloton Pharmaceuticals, a stage ACMPR applicant.  Then in June, Aurora announced it had surpassed 16,000 patients, prior to graduating from the TSXV to the TS.