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Aurora Cannabis Inc (ACB.TO)

ACB.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aurora Cannabis Posts Q3 Net Revenue $65.15 Mln Vs $16.10 Mln
Wednesday, 15 May 2019 

May 14 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS ANNOUNCES FINANCIAL RESULTS FOR THE THIRD QUARTER OF FISCAL 2019.QTRLY PRODUCTION VOLUME INCREASED 99% TO 15,590 KGS, UP 1,200% YEAR-OVER-YEAR.QTRLY NET REVENUE $65.15 MILLION VERSUS $16.10 MILLION.Q3 REVENUE VIEW C$77.2 MILLION -- REFINITIV IBES DATA.AURORA REITERATES ITS TARGET FOR Q4 WITH PRODUCTION AVAILABLE FOR SALE IN EXCESS OF 25,000 KG.AURORA CANNABIS-ANTICIPATES PRODUCTION OF EXTRACT-BASED PRODUCTS TO INCREASE, WITH THE FULL IMPACT STARTING TO MATERIALIZE TOWARDS THE END OF FISCAL Q4.QTRLY CANNABIS NET REVENUE $58.65 MILLION VERSUS $10.81 MILLION.AURORA CANNABIS- ANTICIPATES CONTINUED REDUCTION IN PRODUCTION AND MANUFACTURING COSTS ALLOWING CASH COSTS PER GRAM TO CONTINUE TO TREND LOWER.AURORA CANNABIS- MANAGEMENT REITERATES ITS EXPECTATION THAT THE AVERAGE CASH COST TO PRODUCE PER GRAM AT ITS SKY CLASS FACILITIES WILL BE BELOW $1.QTRLY LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $158.4 MILLION VERSUS $19.2 MILLION.QTRLY CANNABIS CASH COST TO PRODUCE PER GRAM $1.42 VERSUS $1.53.AURORA CANNABIS- SEES ANNUALIZED PRODUCTION RUN RATE ACROSS ITS OPERATIONAL FACILITIES IS IN EXCESS OF 150,000 KG PER ANNUM, BASED ON PLANTED ROOMS.AURORA CANNABIS- WELL POSITIONED TO ACHIEVE POSITIVE EBITDA BEGINNING IN FISCAL Q4 2019 (CALENDAR Q2 2019).  Full Article

Aurora Cannabis And Enwave Corp Enter Global Licensing Arrangements
Friday, 26 Apr 2019 

April 26 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS AND ENWAVE CORPORATION ENTER GLOBAL LICENSING ARRANGEMENTS.AURORA CANNABIS SAYS CO, ENWAVE ESTABLISH INTELLECTUAL PROPERTY PARTNERSHIP AND $10 MILLION STRATEGIC EQUITY INVESTMENT.AURORA CANNABIS SAYS CO, ENWAVE ENTERED ROYALTY-BEARING COMMERCIAL LICENSE.AURORA-AGREEMENT PROVIDES CO RIGHTS TO ENWAVE'S PATENTED RADIANT ENERGY VACUUM TECHNOLOGY FOR CANNABIS MATERIAL PRODUCTION IN EU, EXCLUDING PORTUGAL.AURORA - PLACED PURCHASE ORDER FOR 2 OF ENWAVE'S 120KW REVENUE DEHYDRATION SYSTEMS FOR AURORA SKY AND AURORA SUN FACILITIES IN CANADA.AURORA - ALSO ACQUIRED 10KW PILOT-SCALE ENWAVE REVENUE MACHINE FOR PRODUCT DEVELOPMENT, PROTOCOL DEVELOPMENT AND RESEARCH AND DEVELOPMENT.AURORA-ALL INTELLECTUAL PROPERTY DEVELOPED UNDER IPA TO BE OWNED BY ENWAVE, BUT REALIZABLE COMMERCIAL VALUE WILL BE SHARED ON UNDISCLOSED BASIS WITH CO.AURORA - ALL OTHER TERMS OF IPA ARE CONFIDENTIAL.AURORA - PURSUANT TO LICENSE, CO WILL SHARE UNDISCLOSED PERCENTAGE OF ROYALTIES GENERATED THROUGH SUB-LICENSING OF ENWAVE'S PATENT PORTFOLIO.AURORA - HAS MADE $10 MILLION STRATEGIC EQUITY INVESTMENT IN ENWAVE.AURORA - AS CONSIDERATION FOR ENWAVE SHARES, CO ISSUED TO ENWAVE 840,576 COMMON SHARES IN CAPITAL OF AURORA AT A DEEMED PRICE OF $11.8966 PER SHARE.AURORA - WILL PAY ENWAVE ROYALTY ON ALL CANNABIS PRODUCTS PROCESSED USING REVENUE MACHINERY.AURORA - WILL HAVE NON-EXCLUSIVE SUB-LICENSE TO ENWAVE TECHNOLOGY IN CANADA.  Full Article

Aurora Cannabis Awarded Maximum Number Of Lots In German Cannabis Production Tender
Friday, 5 Apr 2019 

April 5 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS AWARDED MAXIMUM NUMBER OF LOTS IN GERMAN CANNABIS PRODUCTION TENDER.AURORA CANNABIS INC - SELECTED BY GERMAN BUNDESINSTITUT FÜR ARZNEIMITTEL UND MEDIZINPRODUKTE BFARM.AURORA CANNABIS INC -SELECTED AS ONE OF 3 WINNERS IN PUBLIC TENDER TO CULTIVATE AND DISTRIBUTE MEDICAL CANNABIS IN GERMANY.AURORA CANNABIS INC - CONTRACT WILL BE FORMALIZED AT EARLIEST ON APRIL 17, 2019, PENDING OUTCOME OF AN APPEAL PROCEDURE.  Full Article

Cann Group Announces Aurora Cannabis Tie-up, Mildura Expansion
Monday, 18 Mar 2019 

March 19 (Reuters) - Cann Group Ltd ::ENTERED INTO A NON-BINDING HEADS OF AGREEMENT TO PURCHASE A SITE LOCATED WITHIN MILDURA REGION TO CONSTRUCT A STATE-OF-ART GREENHOUSE.NEW GREENHOUSE FACILITY EXPECTED TO BE FULLY COMMISSIONED IN Q3 2020 WITH ESTIMATED CONSTRUCTION COST OF ABOUT $130 MILLION.ENTERED AGREEMENT WITH AURORA CANNABIS INC FOR OFFTAKE OF MEDICINAL CANNABIS PRODUCED BY CANN."REVENUE GUIDANCE REAFFIRMED OF $160M-$200M ONCE MILDURA FACILITY FULLY COMMISSIONED".TO PURCHASE SITE IN MILDURA RURAL CITY COUNCIL FOR $10.75 MILLION TO CONSTRUCT GREENHOUSE FOR PRODUCTION OF MEDICINAL CANNABIS.  Full Article

Aurora Cannabis Says Revenue Growth Negatively Impacted By Excise Tax On Cannabis Sales- Conf. Call
Monday, 11 Feb 2019 

Feb 11 (Reuters) - AURORA CANNABIS INC ::NOT COLLECTING TAX FROM MEDICAL PATIENTS, ABSORBING COST DESPITE SLIGHT NEGATIVE EFFECTS - CO EXEC, CONF. CALL.REVENUE GROWTH NEGATIVELY IMPACTED BY EXCISE TAX ON CANNABIS SALES - CO EXEC, CONF. CALL.BELIEVE THE U.K. WILL TURN OUT TO BE A VERY SUBSTANTIAL MARKET FOR MEDICAL CANNABIS - CO EXEC, CONF. CALL.BELIEVE CO GETTING HIGHER AVERAGE PRICE FOR PRODUCTS THAN SELECTED OTHER COS IN THE SECTOR - CO EXEC, CONF. CALL.  Full Article

Aurora Cannabis Announces Financial Results For The Second Quarter Of Fiscal 2019
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2019.AURORA CANNABIS INC - QTRLY NET REVENUE $54.2 MILLION VERSUS $11.7 MILLION.AURORA CANNABIS - REITERATES PREVIOUS GUIDANCE THAT CO WILL HAVE ABOUT 25,000 KGS AVAILABLE FOR SALE IN Q4.AURORA CANNABIS INC - Q2 2019 KILOGRAMS PRODUCED AND KILOGRAMS SOLD OF 7,822 AND 6,999 WERE UP 57% AND 162%.AURORA CANNABIS INC - CASH COST TO PRODUCE PER GRAM OF DRIED CANNABIS SOLD TEMPORARILY INCREASED TO $1.92 IN Q2 2019.AURORA CANNABIS INC - QTRLY CANNABIS NET REVENUE $47.6 MILLION VERSUS $9.8 MILLION.AURORA CANNABIS INC - QTRLY GROSS MARGIN ON CANNABIS NET REVENUE 54 PERCENT, DOWN 15 PERCENT.AURORA CANNABIS INC - QTRLY LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $237.8 MILLION VERSUS EARNINGS OF $7.7 MILLION.  Full Article

Aurora To Acquire Whistler For About $175 Million
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Aurora Cannabis Inc ::AURORA TO ACQUIRE WHISTLER.AURORA CANNABIS INC - DEAL FOR APPROXIMATELY $175 MILLION.AURORA CANNABIS INC - ALL-SHARE TRANSACTION VALUED AT UP TO APPROXIMATELY $175 MILLION.AURORA CANNABIS INC - THE ALL-SHARE TRANSACTION INCLUDES CERTAIN MILESTONE PAYMENTS IN RELATION TO WHISTLER ACHIEVING CERTAIN OPERATIONAL OBJECTIVES.  Full Article

Aurora Cannabis Provides Guidance For The Second Quarter Of Fiscal 2019
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS PROVIDES GUIDANCE FOR THE SECOND QUARTER OF FISCAL 2019, ANTICIPATING NET REVENUES OF $50M TO $55M.AURORA CANNABIS INC - TRACKING TO ACHIEVE POSITIVE EBITDA IN SECOND CALENDAR QUARTER 2019.AURORA CANNABIS - CONTINUES TO RAMP ITS PRODUCTION CAPACITY UP FROM 70,000 KG / ANNUM AS REPORTED IN NOV, TO APPROXIMATELY 100,000 KG / ANNUM.AURORA CANNABIS INC - REAFFIRMS EXPECTATION TO ACHIEVE AT LEAST 150,000 KG / ANNUM OF PRODUCTION CAPACITY WITHIN FIRST CALENDAR QUARTER OF 2019.AURORA CANNABIS INC - EXPECTS PRODUCTION AVAILABLE FOR SALE WILL BE APPROXIMATELY 25,000 KG EQUIVALENT OF CANNABIS IN Q4.AURORA CANNABIS - INTRODUCTION OF PRODUCTS LIKE SOFTGELS, VAPE-READY CBD OIL CARTRIDGE EXPECTED TO CONTRIBUTE TO GROSS MARGINS IN 2019.  Full Article

ICC Labs Announces Shareholder Approval Of Arrangement With Aurora Cannabis
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - ICC Labs Inc ::ICC LABS ANNOUNCES SHAREHOLDER APPROVAL OF ARRANGEMENT WITH AURORA CANNABIS.ICC LABS - IT IS EXPECTED THAT ARRANGEMENT WILL BE COMPLETED IN Q4 OF 2018.  Full Article

Aurora Cannabis Increases Cornerstone Investment In Cannabis Retailer Choom With Additional $20 Mln
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS INCREASES CORNERSTONE INVESTMENT IN CANNABIS RETAILER CHOOM WITH ADDITIONAL $20,000,000.AURORA CANNABIS INC - SECURES RIGHT TO INCREASE OWNERSHIP TO 40% OF CHOOM AT $2.75 PER COMMON SHARE.AURORA CANNABIS INC - CO & CHOOM COMPLETED A NON-BROKERED PRIVATE PLACEMENT OF A DEBENTURE.  Full Article

CANADA STOCKS-TSX edges higher as financial shares rise

June 17 Canada's main stock index edged higher on Monday, as shares of financial companies gained ahead of a key U.S. Federal Reserve policy meeting that could determine the path of future interest rate cuts.