Full Press Release Details
Aurora Cannabis Delivers ~$10 Million Shipment
of Medical Cannabis to Israel
- Believed to be the
largest shipment of medical cannabis to Israel to-date
- Aurora continues to advance strategic leadership in the global cannabinoid industry
EDMONTON, AB, Jan. 4, 2022 /CNW/ - Aurora Cannabis
Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids
worldwide, announced today the delivery of a cannabis shipment worth approximately C$10 million - the company's largest ever shipment
to Israel, and what is believed to be the largest export of medical Cannabis into the Israeli market. Delivered in December, the shipment
will be recognized as revenue in Aurora's FY22 Q2 period.
The sale builds on the Company's growing presence
in Israel, a key market as Aurora continues to strengthen its international medical business. As the leading Canadian licensed producer
(LP) in global medical cannabis by revenue, Aurora has strategically focused on international expansion to bolster its diversified business
portfolio. The Company also recently entered into a joint venture in The Netherlands to participate in the Controlled Cannabis Supply
Chain Experiment, an adult-use pilot program.
"It's an exciting time for the global cannabis
industry, as we're seeing growing acceptance and thoughtful regulation of both medical and adult-use cannabis across Europe and in key
markets like Israel," says Miguel Martin, Chief Executive Officer of Aurora. "With strong local relationships, as well as support
from our patients and consumers, we look forward to continuing to expand our international business to complement our total cannabis portfolio."
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 brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, MedReleaf,
CanniMed, Pedanios, Whistler, Reliva and KG7 CBD. Driven by science and innovation, and with a focus on high-quality cannabis
products, Aurora's brands continue to break through as industry leaders in the medical, performance, wellness and adult recreational markets
Aurora's common shares trade on the TSX and NASDAQ under the symbol "ACB" and is a constituent of the S&P/TSX Composite
Forward-looking Information
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.
Forward-looking statements made in this news release include, but are not limited to, statements regarding the Company's
continued supply of medical cannabis to Israel and the continued expansion of the Company's international medical business.
These forward-looking statements are only predictions.
Forward looking information or statements contained in this news release have been developed based on assumptions management considers
to be reasonable. Material factors or assumptions involved in developing forward-looking statements include, without limitation,
publicly available information from governmental sources as well as from market research and industry analysis and on assumptions based
on data and knowledge of this industry which the Company believes to be reasonable. 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. These risks include, but are not limited to, the ability to retain key personnel, the ability to
continue investing in infrastructure to support growth, the ability to obtain financing on acceptable terms, the continued quality of
our products, customer experience and retention, the development of third party government and non-government consumer sales channels,
management's estimates of consumer demand in Canada and in jurisdictions where the Company exports, expectations of future results and
expenses, the risk of successful integration of acquired business and operations, management's estimation that SG&A will grow
only in proportion of revenue growth, the ability to expand and maintain distribution capabilities, the impact of competition, the general
impact of financial market conditions, the yield from cannabis growing operations, product demand, changes in prices of required commodities,
competition, and the possibility for changes in laws, rules, and regulations in the industry, epidemics, pandemics or other public health
crises, including the current outbreak of COVID-19, and other risks, uncertainties and factors set out under the heading "Risk
Factors" in the Company's annual information form dated September 27, 2021 (the "AIF") and filed with Canadian securities
regulators available on the Company's issuer profile on SEDAR at www.sedar.com and filed with and available on the SEC's
website at www.sec.gov. 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 law.
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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 04-JAN-22