Aurora Completes Whistler Medical Acquisition

Published: March 5, 2019

Aurora Completes Whistler Medical Acquisition

Aurora Cannabis Inc. announced that the Company has completed the acquisition of all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction, pursuant to the terms of an amalgamation agreement dated January 31, 2019 among Whistler, Aurora, and a wholly owned subsidiary of Aurora.

Located in Whistler, British Columbia, Whistler has developed one of Canada’s most iconic cannabis brands, built on quality, award-winning, organic certified BC bud. The Transaction provides Aurora with a premium and differentiated organic certified product suite, expanding both its medical and consumer offerings, and reinforcing Aurora’s presence in the well-established west coast cannabis market.

Whistler has developed a strong reputation with patients and consumers alike for providing premium quality cannabis products. Founded in 2013, Whistler is one of Canada’s original ten licensed producers, and was the first licensed producer to obtain organic certification and sell a full suite of organic certified cannabis products.

Whistler operates two indoor licensed production facilities, the first located in Whistler, British Columbia, and the second, a recently licensed, purpose-built facility located a 20-minute drive from the Whistler facility in Pemberton, British Columbia. Once the Pemberton facility reaches full capacity (anticipated for Summer 2019), the facilities are anticipated to have a combined production capacity of over 5,000 kg per year, expandable to well over 15,000 kg through future expansion at the Pemberton site.

Aurora intends to leverage its expertise in completing EU GMP compliant facilities to accelerate certification of the new Pemberton facility, ensuring the Company can leverage the Whistler brand on a global scale. Through integration with certain of Aurora’s organic compliant grow technologies, the Company anticipates increasing productivity at both of the Whistler facilities and increase product offerings for both domestic and global markets. Whistler currently sells medical cannabis derivatives internationally to both Australia and the Cayman Islands.

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