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Friday, December 2, 2022

Aurora Cannabis Inc (OTCMKTS: ACBFF) One Great Cannabis Play

Aurora Cannabis Inc (OTCMKTS: ACBFF) has been on the rise again in recent weeks. Aurora is one of the most exciting companies in the cannabis space with a long history of spectacular runs and we have been reporting on it for years.

Aurora operates in the red hot cannabis market responsible for many of the hottest stocks and biggest winners in small caps. This is a booming sector as legal marijuana sales are expected to grow to more than $20 billion by 2022 according to Marijuana Business Daily. As October 17 looms closer Canadian MJ stocks have been heating up big time.

Aurora Cannabis Inc (TSE:ACB) (OTCMKTS: ACBFF) is a Canadian licensed cannabis producer, headquartered in Edmonton. Aurora’s line of products includes whole-flower cannabis, milled cannabis, cannabis oils, and vaporizers.

The Company describes itself as one of the world’s largest and leading cannabis companies with funded capacity in excess of 570,000 kg per year and sales and operations in 14 countries across five continents. 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.

Aurora has three operational facilities in Canada (Aurora Sky, Aurora Vie, and Aurora Mountain) plus two new facilities projected to be operational by the end of 2018, including a 1,000,000 square foot facility under construction in Odense, Denmark. The Company’s facilities include a 55,200-square-foot production facility in Mountain View County completed in 2015. Aurora Vie is a 40,000-square-foot, fully licensed, indoor production facility in Pointe-Claire, Quebec. It was the second licensed producer in Quebec, and was acquired in 2017 for $7 million. The Company is also currently constructing an automated 800,000-square-foot plant in Alberta that it said would be capable of producing 100,000 kilograms of cannabis annually. The land is part of the acreage owned by the Edmonton International Airport.

Aurora also holds stakes in a leading extraction technology company, Radient Technologies Inc., based in Edmonton, and is in the process of completing an investment in Edmonton-based Hempco Food and Fiber Inc. Aurora is the cornerstone investor in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis. Aurora also owns Pedanios, a leading wholesale importer, exporter, and distributor of medical cannabis in the European Union based in Germany.

Aurora Cannabis was founded by Terry Booth, Steve Dobler, Dale Lesak and Chris Mayerson in 2013. Using much of their own money the group initially secured a 160+ acre parcel of land in Mountain View County, Alberta. The company received its license to grow cannabis as well as its licence to sell medical cannabis both in 2014.

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Aurora’s growth has been fueled by acquisitions and currently the Company’s subsidiaries include Pedanios Gmbh, Germany’s largest distributor of cannabis to pharmacies, CanvasRx, the largest medical cannabis patient outreach service in Canada, BC Northern Lights, an indoor growing supplies manufacturer, Aurora-Larssen Projects, a globally leading greenhouse engineering and design consultancy, and H2 Biopharma, a late-stage ACMPR applicant in Quebec.

In March of this year Aurora completed their acquisition of Cannimed, with both parties agreeing to the transaction on friendly terms. This agreement brought Aurora’s total patient count to 42,000 registered cannabis patients in Canada. Earlier this year Aurora acquiring rival producer MedReleaf Corp. in a transaction valued at more than $2.5 billion, likely the largest marijuana deal in history. The deal creates an industry giant with production capacity of 570,000 kilograms of cannabis at its nine grow operations in Canada and two in Denmark.

On September 4, Aurora closed its previously announced debt facility with the Bank of Montreal. The facility consists of a $150 million term loan and a $50 million revolving credit facility, both of which mature in 2021. Included in the facility is an option to upsize the facility to $250 million total following the implementation of Bill C-45 on October 17, 2018, subject to agreement by BMO and satisfaction of certain legal and business conditions.

The debt facility is primarily secured by Aurora’s production facilities, including Aurora Sky, Aurora Mountain, and Aurora Vie. Strategically located at Edmonton International Airport, Aurora Sky is the world’s most technologically advanced cannabis facility, projected to produce in excess of 100,000 kg per year of high-quality, low-cost per gram, cannabis upon completion.

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Currently trading at a $3.9 billion market valuation Aurora has $231 million in the treasury and fast growing sales reporting $16.1 million in revenues for the 3 months ended March 31, 2018 up from $5.1 million for the same period last year. The Company is led by Terry Booth, the youngest master electrician on record in Alberta (at 22) Aurora is one of the world’s largest and leading cannabis companies with funded capacity in excess of 570,000 kg per year at its nine grow operations in Canada and Denmark. There is huge demand for Aurora here and the next few weeks should be very exciting as we get closer to legal recreational cannabis on October 17. We will be updating on Aurora when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Aurora.

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Disclosure: we hold no position in Aurora either long or short and we have not been compensated for this article.

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