The company is now set to grow over a million pounds of cannabis annually across nine Canadian facilities as well as two European grow-ops it recently launched in Denmark.
The move is part of a pattern of consolidation in the Canadian cannabis industry as larger companies absorb smaller competitors ahead of nationwide legalization, expected to take effect in September.
In the past year, Aurora has acquired at least eight of its competitors including one of Canada’s oldest producers, CanniMed Therapeutics Inc.
“We’re not done,” Chief Executive Officer Terry Booth told reporters. “Over the next couple weeks, you’ll see some more activity from Aurora.”
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