Full Press Release Details
Aurora Cannabis Announces Share Sale by
Transaction in connection
with the previously announced transition plan
EDMONTON, March 16, 2020 /CNW/ - Aurora Cannabis
Inc. (the "Company" or "Aurora") (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide,
today announced that Terry Booth has filed a report on the System for Electronic Disclosure by Insiders (SEDI) regarding his sale
of approximately 12,161,900 shares into the open market. This transaction is in connection with the previously announced transition
of Mr. Booth's role within the Company.
Executive Chairman and Interim CEO Michael
Singer stated, "The Board and management remain focused on the plan we laid out in February and we are progressing as planned
toward appropriate capital allocation, balance sheet strength, and profitability. We look forward to updating the markets
on our next quarterly earnings call."
Aurora is a global leader in the cannabis industry
serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis dedicated
to helping people improve their lives. The Company's presence spans 25 countries across 5 continents with a brand portfolio that
includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, and ROAR Sports. Providing
customers with innovative, high-quality cannabis and hemp products, Aurora's brands continue to break through as industry leaders
in the medical, performance, wellness and recreational markets wherever they are launched. For more information, please visit our
website at www.auroramj.com.
Aurora's Common Shares trade on the TSX and
NYSE under the symbol "ACB", and is a constituent of the S&P/TSX Composite Index.
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. These forward-looking 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, estimates and assumptions of management in light of management's experience and perception
of historical trends, current conditions and expected developments at the date the statements are made, such as current and future
market conditions, the current and future regulatory environment and future approvals and permits. Forward-looking statements are
subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances
could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially
from those projected in the forward-looking statements, including general business and economic conditions, changes in laws and
regulations, product demand, changes in prices of required commodities, competition and other risks, uncertainties and factors
set out under the heading "Risk Factors" in the Company's annual information form dated September 10, 2019 (the "AIF")
and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com. The Company
cautions that the list of risks, uncertainties and other factors described in the AIF is not exhaustive and other factors could
also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating
the forward-looking statements and are cautioned not to place undue reliance on such information. 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 securities laws.
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SOURCE Aurora Cannabis Inc.
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For further information: For Media: Michelle Lefler, VP, Communications
& PR, media@auroramj.com; For Investors: ICR, Inc., Investor Relations, aurora@icrinc.com
CO: Aurora Cannabis Inc.
CNW 07:00e 16-MAR-20