Aurora Cannabis (NYSE:ACB,TSX:ACB) unveiled an update for a 300,000 square foot expansion at its Edmonton International Airport facility.
As quoted in the press release:
The new facility, named Aurora Polaris, is intended to serve as Aurora’s centre of excellence for the industrial-scale production of higher margin, value added products, such as edibles which Health Canada regulations propose to permit from October 2019 onwards. Aurora Polaris will allow for enhanced capabilities for the Company’s logistics and warehousing needs required to serve ever increasing global requirements. The facility is designed to include additional research and development space.
Construction of the facility is anticipated to be completed in late 2019. Polaris is immediately adjacent to Aurora’s Sky facility.
Addressing the rapidly growing domestic and international cannabis markets requires substantial additional logistics capabilities. Augmenting the Company’s existing distribution facilities in Alberta and Ontario, Aurora Polaris has been designed to deliver institutional class logistics to drive operational efficiencies and decrease time to market of Aurora products around the globe.