07:04:29 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,012,263,956
Close 2019-03-08 C$ 10.37
Market Cap C$ 10,497,177,224
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Aurora Cannabis starts cannabis oil sales in Germany

2019-03-11 07:05 ET - News Release

Mr. Terry Booth reports

AURORA COMMENCES CANNABIS OIL SALES TO GERMAN PHARMACIES

Aurora Cannabis Inc. has commenced sales of cannabis oils to German pharmacies following receipt of all necessary approvals from the Canadian and German regulatory authorities. Pedanios 5/1 drops have become the first extract derived oil product compliant with the German monograph for in-pharmacy preparation.

Aurora is the medical cannabis market leader in Germany. The company has supplied the German market with dried cannabis flower via Aurora Deutschland (formerly Pedanios) since December, 2015, and with Canadian-grown Aurora products since September, 2017. Aurora has established a strong brand as a trusted supplier among prescribing physicians, dispensing pharmacies and German patients. As one of few companies able to sell oils in this rapidly growing market, Aurora is well positioned to establish brand leadership in the European derivatives market.

"Having established early mover advantage in selling cannabis oils in Germany, we are exceptionally positioned to extend our market leadership and accelerate growth of our European operations," said Neil Belot, chief global business development officer. "As our global production capacity continues to ramp up, we are able to strategically allocate more product from our EU GMP [European Union good manufacturing practices] certified cultivation facilities to this higher-margin market that continues to be significantly undersupplied."

About Aurora Cannabis Inc.

Headquartered in Edmonton, Alta., Canada, with financed capacity in excess of 500,000 kilograms per annum and sales and operations in 24 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, wholesale and retail distribution.

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