One of Canada’s top licensed producers unveiled plans for its largest cultivation facility, with a “significant proportion” of the new production slated to address a “massive” supply shortfall for medical cannabis overseas.
Aurora Cannabis plans to build the 1.2-million-square-foot facility in Medicine Hat, Alberta, to take advantage of the “sunniest city in Canada” and save on power costs.
Aurora, which is traded as ACB on the Toronto Stock Exchange, did not disclose the price tag.
The operation, called Aurora Sun, will be capable of producing more than 150,000 kilograms of cannabis per year, according to a news release. Some of that marijuana will be diverted to meet demand in Canada’s new recreational market as well as the medical marijuana sector.
Construction is expected to be completed in the second half of 2019.
Aurora has approximately 280,000 kilograms per year of funded capacity to date, and Aurora Sun will bring that to over 430,000 kilograms annually.
The new facility, to be designed and engineered by wholly owned subsidiary Aurora Larssen Projects, will be built in compliance with European Union Good Manufacturing Practice standards.