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Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 958,920,188
Close 2018-12-07 C$ 7.60
Market Cap C$ 7,287,793,429
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Aurora Cannabis forms supply partnership with Farmacias

2018-12-07 13:34 ET - News Release

Mr. Terry Booth reports

AURORA CANNABIS TO ENTER MEXICO MARKET VIA EXCLUSIVE SUPPLY ARRANGEMENT WITH FARMACIAS MAGISTRALES

Aurora Cannabis Inc. has established an exclusive partnership with Farmacias Magistrales SA, an established Mexican pharmaceutical manufacturer and distributer with a broad reach to approximately 80,000 retail points and 500 pharmacies and hospitals across Mexico. Farmacias recently received the first and only import licence granted to date, from the Federal Commission for Protection Against Health Risks (COFEPRIS), the Mexican government body responsible for medical cannabis licensing, which permits Farmacias to import Aurora medical cannabis products containing tetrahydrocannabinol into Mexico.

Farmacias has also received licences from COFEPRIS to permit:

  • Importation and storage of raw cannabidiol and tetrahydrocannabinol materials;
  • Manufacture of cannabidiol and tetrahydrocannabinol products;
  • Distribution of cannabidiol and tetrahydrocannabinol products.

Farmacias's licence to import Aurora's medical cannabis into Mexico positions Aurora with another first-mover advantage in one of the world's most populous countries, where more than 130 million people will have federally legal access to a range of Aurora's non-flower medical cannabis products containing tetrahydrocannabinol and/or cannabidiol. Dried flower containing tetrahydrocannabinol is currently prohibited for domestic cultivation, import or sale in Mexico.

Management commentary

"This new exclusive partnership further expands Aurora's early-mover advantage in Latin America, allowing us to become a leading player in the development of the medical cannabis system in Mexico, a legal market of 130 million people," said Terry Booth, chief executive officer of Aurora. "We look forward to working with Farmacias and leveraging its strong retail, pharmacy and hospital networks to provide high-quality, medical-grade cannabis to patients in this new and significant market. We will also offer the Mexican government authorities whatever support they deem valuable, based on our insights and experience earned from operating in multiple nationally legal medical cannabis systems around the world."

About Aurora Cannabis Inc.

Headquartered in Edmonton, Alta., Canada, with financed capacity in excess of 500,000 kilograms per year and sales and operations in 22 countries across five continents, Aurora is one of the world's largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high-value-add product development, home cultivation, and wholesale and retail distribution.

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