Connect with us

CSE / TSX

Aurora Cannabis Inc (CVE:ACB) Hosts Australian Delegation

Published

on

Aurora Cannabis Inc.

Aurora Cannabis Inc (CVE:ACB) reported that the firm will be hosting a delegation from Australia, headed by the Jaala Pulford. The objective of the travel to Canada, during which this delegation will even meet with federal executives in Ottawa, is knowledge transfer pertaining to the guidelines governing the medicinal cannabis segment, as well as detailed insight into best measures pertaining to production, distribution and cultivation. The visit will offer insights into the factors that have made the Canadian setup, which currently serves around 200,000 patients, so successful.

The details

The Australian delegation will devote an entire day with Aurora officials, visiting both the automated Aurora Sky facility that is under construction and the firm’s current production facility in Alberta, which was Canada’s preliminary purpose-built indoor cannabis grow facility.

Also, the Minister will meet Shaye Anderson, who is Minister of Municipal Affairs of Alberta and MLA for Leduc-Beaumont, and officials showcasing two of Aurora’s strategic associates: Peter Crock, the CEO of Cann Group Limited, the first licensed cannabis firm of Australia, in which Aurora has around 20% stake; and Denis Taschuk, the CEO of Radient Technologies Inc., in which Aurora has a 17% stake.

In the last month, Victoria recorded a hugely considerable milestone in the advancement of the medical cannabis market in Australia with the awarding of the preliminary commercial license to Melbourne-based firm Cann Group.

Ms Pulford added that associations like the one between Cann Group and Aurora will play a major role in establishing top practices and advancing Australia’s newest economic division. Victoria’s involvement in the medical cannabis industry is in its initial phases and they are keen to know out from other, more established industries what some of the challenges and opportunities are.

In the last trading session, the stock price of Aurora gained more than 4% to close the day at $2.47.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.