Aurora has positioned itself to be a significant supplier of the growing demand for medical and legal recreational in Canada and other parts of the world. The company continues to experience increasing patient count, and German exports continue to drive the overall revenue and margins up.
Aurora Recorded $11.7 million in revenues, up 201% from Q2 2017 and up 41.8% sequentially from Q1 2018. The company is also sitting on significant cash in hand and is looking for ways to raise more to maintain growth momentum and expand overall capacity.
The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, known as ”Aurora Mountain,” and a second 40,000 square foot high-technology production facility known as ”Aurora Vie” in Pointe-Claire, Quebec on Montreal’s West Island. In January 2018, Aurora’s 800,000 square foot flagship cultivation facility, Aurora Sky, located at the Edmonton International Airport, was licensed. Once at full capacity, Aurora Sky is expected to produce over 100,000 kg per annum of cannabis.
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