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Aurora Cannabis

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Aurora Cannabis - Healthcare showcase

Year Founded & Workforce

2013

500 Employees

Industry

Healthcare

Services

Medical Cannabis
A

Aurora Cannabis Employee Contacts

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Aurora Cannabis Overview

Company Headquarters: Edmonton, Alberta

Founded: 2013

Workforce: 201-500

Company Working: Aurora Cannabis Inc. is a renowned integrated cannabis company with an industry-leading reputation for continuously elevating and setting the global cannabis industry standard.

Strategy

Aurora Cannabis Inc. aims to lower its product prices via purpose-built and state-of-the-art cultivation infrastructure. Following a similar course, the company is also patenting genomics of various high-yielding cannabis varieties. Moreover, it is focused on the global distribution of products through partnerships and acquisitions. The company leverages its successful consumer brand to cater to the adult-use market.

Company Snapshot

$1M

Revenue

500

Employees

2013

Founded

Edmonton, Alberta

Headquarters

SWOT Analysis

Strengths

  • Strong product offerings of the company
  • Operations in multiple continents
  • Premium quality product

Weaknesses

  • Limited presence in emerging markets

Opportunities

  • Expansion in new business markets
  • Mergers & acquisitions

Threats

  • Stringent regulatory policies
  • Increasing competition from new players

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Key Developments

DateApproachDevelopment
October 2022Product launchAurora Cannabis Inc. launched product includes Electric Honeydew, Ultra Grape Kush and Organic BC White Grape OG for adult and medical purpose.
August 2022AcquisitionAurora Cannabis Inc. acquired Bevo Agtech Inc., a subsidiary of Bevo Farms Ltd. (Canada). The acquisition is driving long-term value to Aurora's existing cannabis business.
May 2021Product launchAurora Cannabis Inc. launched three new EU GMP cannabis extracts for patients in the UK
March 2022AcquisitionAurora Cannabis Inc. acquired TerraFarma (Canada), is a pharmaceutical company. TerraFarma specializes in the cultivation, production, and distribution of medical cannabis.
September 2021Product launchAurora Cannabis Inc. acquired TerraFarma (Canada), is a pharmaceutical company. TerraFarma specializes in the cultivation, production, and distribution of medical cannabis. Aurora Cannabis Inc. launched the Bidiol, first medical cannabis oil in Uruguay. This launch has expanded the presence of Aurora in South America.
May 2021AcquisitionAurora Cannabis Inc. acquired Reliva, LLC (US), a leader in the sale of hemp-derived CBD products in the United States. The acquisition provides Aurora’s with the opportunity for significant growth in the US and internationally.
December 2020Product ApprovalAurora Cannabis Inc. received approval in Ireland for its medical cannabis products to use in Medical Cannabis Access Programme (MCAP)
March 2019AcquisitionAurora Cannabis Inc. acquired Whistler Medical Marijuana Corporation (Canada). This acquired added iconic organic certified premium cannabis brand.
December 2018PartnershipAurora Cannabis Inc. partnered with Farmacias Magistrales SA (Mexico) in order to supply medical cannabis.
May 2018AcquisitionAurora Cannabis Inc. acquired CanniMed Therapeutics Inc. (Canada) in order to accelerate growth of both Aurora and CanniMed

Product Offering

  • Aurora Cannabis Inc.
    • Medical Cannabis

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 187.5 Mn in 2019 to USD 198.2 Mn in 2021.
Aurora Cannabis — By Business Segment
Series (USD Mn)201920202021
Sales187.5196.6198.2

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