We’ve covered many separate storylines regarding AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) here on Street Register over the last year, perhaps one of the most promising being the construction of a huge marijuana production facility.
We’ve known for quite some time that the company was underway on the build-out of a nearly one million square foot indoor/greenhouse grow space in Canada’s Alberta Province, and there has just been a key development in that story that we wanted to relay to our readers today.
AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) recently announced that the Company has received a cultivation license from Health Canada for Aurora Sky, the 800,000+ square foot hybrid greenhouse facility, under construction at the Edmonton International Airport. Aurora Sky will be the world’s most technologically advanced and largest capacity purpose-built cannabis facility, focused on the mass-cultivation of ultra-low cost, high-quality cannabis.
Aurora Sky, the Company’s third licensed facility, will be capable of producing in excess of 100,000 kg of cannabis per year. The world’s only cannabis facility located on the property of an international airport, Aurora Sky possesses numerous strategic advantages, including ample low-cost power, water and gas, excellent security, unrivaled access to transportation, logistical services, immediate access to international customs, as well as air and ground domestic and international courier services.
The facility, designed by recently acquired Larssen Ltd, now part of ALPS (Aurora Larssen Projects Ltd), combines proven best-in-class horticultural technologies, never previously deployed together in a single agricultural facility, making it not only the most advanced cannabis facility in the world but the most advanced greenhouse of any kind. Aurora Sky is designed to operate with unprecedented automation and to deliver optimized yields, plant health and product quality. The Health Canada license allows Aurora to begin cultivation immediately.
“The licensing of Aurora Sky is a game changing milestone for the cannabis industry and an exciting inflection point in Aurora’s corporate development,” said Terry Booth, CEO. “This is the world’s largest cannabis facility ever to be licensed. It marks the beginning of a rapid production ramp-up that will see us produce over 100,000 kg of cannabis per year at this facility alone” said Terry Booth, CEO. “This is our second new facility to receive a cultivation license in three months – a true testament to Aurora’s industry-leading ability to execute. The additional cultivation capacity will allow us to further expand our domestic and international market share very quickly, and is expected to significantly accelerate revenue growth this year.”
Mr. Booth added, “I am incredibly proud of our team, our suppliers and contractors, and grateful to the Edmonton International Airport, Leduc County, and the Province of Alberta for their continued support, which has enabled Aurora to achieve this milestone, on a very complex project. We now look forward to immediately scaling up production to meet the massive demand anticipated with the pending legalization of adult consumer use and the continued growth of Aurora’s international medical markets.”(Source: Canada Newswire)
The company has also stated that it will commence its inaugural grow in next week at Aurora Sky, slating the first harvest for the second calendar quarter of 2018. We’ll be very eager to track the progress of Aurora’s first harvest cycle at what it is calling the largest purpose-built cannabis grow facility ever constructed. Keep it locked to Street Register for updates, and we’ll deliver any more important developments on ACBFF to you as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in ACBFF stock, short or long