Aurora Cannabis closes sale of Aurora Polaris facility for $15M in gross proceeds
Advertisement
Read this article for free:
or
Already have an account? Log in here »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $14.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 03/01/2023 (624 days ago), so information in it may no longer be current.
EDMONTON – Aurora Cannabis Inc. says it has closed the sale of its Aurora Polaris facility.
The company says gross proceeds from the sale totalled about $15 million.
Aurora announced in 2021 that it would close the Alberta property as part of a plan to streamline its operations.
It said at the time that the location’s medical distribution operations would move to the Aurora Sky facility, while manufacturing would be relocated to Aurora River in Bradford, Ont.
The company said its balance sheet remains in a net cash position, with about $320 million of cash and cash equivalents including about $63 million of restricted cash.
Aurora also reiterated its expectation of achieving profitability based on adjusted earnings before interest, taxes, depreciation and amortization for the quarter ended Dec. 31, 2022.
This report by The Canadian Press was first published Jan. 4, 2023.
Companies in this story: (TSX:ACB)