Cannabis News

Aurora Cannabis Announces More Closures

To become more profitable, Aurora Cannabis (ACB) is closing its flagship Aurora Sky facility in Edmonton, Alberta, and closing an outdoor farm in British Columbia and its valuable Anandia testing and genetics division.

The Edmonton-based producer also acknowledged the impending sale of its Sun factory in Medicine Hat, Alta., for C$47 million ($36 million), well below the more than C$250 million Aurora had invested in the huge greenhouse.

Aurora disclosed the latest facility closings and sales last week, along with its third quarter results, in which the company reported a loss of C$1 billion ($780 million).

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