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Term: Aurora Cannabis

Aurora Cannabis (Wikipedia)

Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB. As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. 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. Aurora is the second largest cannabis company in the world by market capitalization, after Canopy Growth Corporation. The company began trading on the NYSE on October 23, 2018 using the ticker ACB.

Aurora Cannabis Inc.
TypePublic
TSXACB
NasdaqACB
IndustryCannabis
Founded2006 (2006)
FoundersTerry Booth, Steve Dobler, Chris Mayerson, Dale Lesack
Headquarters,
Area served
Canada, Europe, Australia
Key people
Miguel Martin (CEO)
RevenueIncreaseCan$248 million (June 2019)
Decrease Can$ -297 million (2019)
Decrease Can$ -291 million (2019)
Total assetsIncrease Can$5.5 billion (2019)
Total equityIncrease Can$4.4 billion (2019)
Number of employees
2779
SubsidiariesPedanios 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)
Websitewww.auroramj.com

After 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. In February 2020, cofounder and chief executive, Terry Booth, resigned, being replaced by Executive Chairman Michael Singer as interim CEO.

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