Aurora Cannabis Inc.

Aurora Cannabis, Inc.
Company typePublic
TSX: ACB
Nasdaq: ACB
IndustryCannabis
Founded2006 (2006)
FoundersTerry Booth, Steve Dobler, Chris Mayerson, Dale Lesack
Headquarters
Edmonton
,
Canada
Area served
Canada, Europe, Australia
Key people
Miguel Martin (CEO)
RevenueDecrease Can$176 million (March 2023)[1]
Increase Can$ -158 million (2023)[1]
Increase Can$ -208 million (2023)[1]
Total assetsDecrease Can$484 million (2023)[1]
Total equityDecrease Can$491 million (2023)[1]
Number of employees
1130
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

Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB.[2] As of September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries.[3] 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.[4] The company began trading on the NYSE on October 23, 2018, using the ticker ACB.[5][6]

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.[7] In February 2020, cofounder and chief executive, Terry Booth, resigned, being replaced by Executive Chairman Michael Singer as interim CEO.[8]

  1. ^ a b c d e "Aurora Cannabis Inc. Common Shares (ACB) Financials". Nasdaq. Archived from the original on November 15, 2023. Retrieved November 14, 2023.
  2. ^ Lang, Cady (June 13, 2016). "Justin Trudeau Makes a Surprising Case For Legalizing Marijuana". Time. Archived from the original on February 2, 2018. Retrieved January 26, 2018.
  3. ^ "Aurora Cannabis Inc". TMX Money. QuoteMedia. Archived from the original on July 7, 2018. Retrieved November 30, 2019.
  4. ^ "Aurora Cannabis Inc". The WeedStocks Wiki. Archived from the original on August 15, 2019. Retrieved August 15, 2019.
  5. ^ "What's Ahead For Aurora Cannabis After An Impressive FY 2018". Forbes. September 26, 2018. Archived from the original on September 26, 2018. Retrieved September 26, 2018.
  6. ^ "Aurora Cannabis Inc". TSX Inc. Archived from the original on August 9, 2024. Retrieved September 18, 2018.
  7. ^ "Aurora stock still sliding as it reveals executive Battley was asked to leave". The Toronto Star. The Canadian Press. December 24, 2019. Archived from the original on December 25, 2019. Retrieved December 26, 2019.
  8. ^ George-Cosh, David (February 6, 2020). "Aurora Cannabis replaces CEO, sees up to $1B in write-downs". BNN Bloomberg. Archived from the original on February 6, 2020. Retrieved February 6, 2020.