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Aurora Cannabis Announces Key Changes to its Board of Directors TSX | NYSE

Key Takeaway: Aurora Cannabis Announces Key Changes to its Board of Directors EDMONTON, Feb. 20, 2019 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that Michael Singer, previously Chairman of the Board, has bee

Full Press Release Details

Aurora Cannabis Announces Key Changes
to its Board of Directors
EDMONTON, Feb. 20, 2019 /CNW/ - Aurora
Cannabis Inc. (the "Company" or "Aurora") (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today
that Michael Singer, previously Chairman of the Board, has been appointed Executive Chairman of the Board of Directors. The Company
also announced that independent director Ronald Funk has been named Lead Independent Director and Margaret ("Shan") Atkins
has been appointed as a new independent director and Chair of the Audit Committee. Diane Jang, who served on the Company's board
since November 2017, has voluntarily resigned her position as Director of Aurora.
"As Aurora continues to mature into one
of the world's largest and leading cannabis companies, it is important that our Board continues to examine its composition to ensure
that its experience and expertise aligns with the Company's strategic direction," said Michael Singer, Executive Chairman.
"The changes announced today ensure that our Board is well-equipped to continue to provide that guidance and strong oversight
to the Company. In my new role I will continue to work closely with our CEO, Terry Booth, and the rest of our senior executive
team on all matters pertaining to strategic direction, execution and finance. Ron, with his exceptional senior leadership track
record and experience, has been a valuable contributor as an independent director and is now positioned to play a more critical
role as our Lead Independent Director. He will work closely with Norma Beauchamp, Chair of the Governance Committee, to continue
to advance and further enhance our corporate governance practices."
Appointment of Shan Atkins
The Company also appointed Shan Atkins as a
new independent director and Chair of the Audit Committee. Ms. Atkins brings deep experience in public company governance and leadership
in global retail and healthcare companies, such as Shoppers Drug Mart, Tim Hortons and Sears, Roebuck & Company. Her expertise
in overseeing public company reporting for both large Canadian and U.S. listed companies will prove an important asset for Aurora,
which is dual listed on the TSX and NYSE.
Ronald Funk, Lead Independent Director, added,
"Shan's expertise on the boards of both Canadian and U.S. public companies further strengthens the governance function at
Aurora. Additionally, her track record in industry verticals with great relevance to Aurora provides tremendous value as the Company
develops, and we look forward to welcoming her on the board as an independent member and head of our Audit Committee."
Ms. Atkins brings over 20 years of corporate
leadership of experience to Aurora. A Certified Public Accountant, she spent fourteen years at Bain & Company, where she became
a partner and leader in the firm's global consumer and retail practice. She also maintained a secondary practice in healthcare,
working in Rx and OTC pharmaceuticals and in the hospital industry. Ms. Atkins also served as Executive VP of Sears, Roebuck &
Company (USA) and since 1999, she has served as an independent director on ten public and private corporate boards in the U.S.
and Canada. She is currently on the boards of Darden (NYSE: DRI), SpartanNash (NASD: SPTN), SunOpta (NASD: STKL; TSX: SOY) and
LSC Communications (NYSE: LKSD). Previously, Ms. Atkins served on the boards of Shoppers Drug Mart, Tim Hortons and The Pep Boys.
She is a graduate of Queen's University and the Harvard Business School.
Resignation of Diane Jang
Diane Jang, CEO of Hempco Food and Fiber ("Hempco")
has voluntarily resigned from her position on Aurora's board of directors. Ms. Jang was appointed to the Company's board in November
2017, and made important contributions in the development of the Company's hemp strategy.
Mr. Singer added, "We wish to thank Diane
for her important contributions towards establishing Aurora's strong position in the domestic and international hemp business,
which will remain her focus going forward as CEO of Hempco, in which we have a controlling ownership interest."
Options and DSU Grant
The Company has awarded a Director of the Company
28,000 options, pursuant to the Company's Stock Option Plan, exercisable at a price of $9.43 per common share. The options shall
vest over a period of three years in equal annual installments. Additionally, the Company has granted 5,000 Deferred Share Units,
vesting over 12 months in equal quarterly installments.
Headquartered in Edmonton, Alberta, Canada
with funded capacity in excess of 500,000 kg per annum and sales and operations in 23 countries across five continents, Aurora
is one of the world's largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across
every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis
and hemp production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution.
Highly differentiated from its peers, Aurora
has established a uniquely advanced, consistent and efficient production strategy, based on purpose-built facilities that integrate
leading-edge technologies across all processes, defined by extensive automation and customization, resulting in the massive scale
production of high quality product at low cost. Intended to be replicable and scalable globally, our production facilities are
designed to produce cannabis of significant scale, with high quality, industry-leading yields, and low per gram production costs.
Each of Aurora's facilities is built to meet EU GMP standards, and its first production facility, the recently acquired MedReleaf
Markham facility, and its wholly owned European medical cannabis distributor Aurora Deutschland have achieved this level of certification.
In addition to the Company's rapid organic
growth and strong execution on strategic M&A, which to date includes 15 wholly owned subsidiary companies - MedReleaf,
CanvasRX, Peloton Pharmaceutical, Aurora Deutschland, H2 Biopharma, Urban Cultivator, BC Northern Lights, Larssen Greenhouses,
CanniMed Therapeutics, Anandia Labs, HotHouse Consulting, MED Colombia, Agropro, Borela, and ICC Labs - Aurora is distinguished
by its reputation as a partner and employer of choice in the global cannabis sector, having invested in and established strategic
partnerships with a range of leading innovators, including: Radient Technologies Inc. (TSXV: RTI), Hempco Food and Fiber Inc. (TSXV:
HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Capcium Inc. (private),
Evio Beauty Group (private), Wagner Dimas (private), CTT Pharmaceuticals (OTCC: CTTH), and Alcanna Inc. (TSX: CLIQ).
Aurora's Common Shares trade on the TSX and
NYSE under the symbol "ACB", and are a constituent of the S&P/TSX Composite Index.
For more information about Aurora, please
visit our investor website, investor.auroramj.com
Neither the TSX, NYSE nor their Regulation Services Provider (as that term is defined in the policies of the TSX and NYSE)
accepts responsibility for the adequacy or accuracy of this release.
Aurora Cannabis Inc.
Forward-Looking Statements
This news release includes statements containing
certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements").
Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may", "will",
"potential", "proposed" and other similar words, or statements that certain events or conditions "may"
or "will" occur and include, but are not limited to the variety of cannabis products that Aurora will supply to the adult
use market.. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections
contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions
and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.
The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Aurora Cannabis Inc.
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For further information: For Media: Heather MacGregor, (416)
509-5416, heather.macgregor@auroramj.com; For Investors: Marc Lakmaaker, (647) 269-5523, marc.lakmaaker@auroramj.com; Rob Kelly,
(647) 331-7228, rob.kelly@auroramj.com; U.S. Investors: Phil Carlson / Elizabeth Barker, KCSA Strategic Communications, (212) 896-1233
CO: Aurora Cannabis Inc.
CNW 07:00e 20-FEB-19
Last updated: Feb 20, 2019