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Aurora Cannabis Inc (OTCMKTS:ACBFF) Reveals Plans To Build Its New Facility Called Aurora Sun In Medicine Hat, Alberta

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Aurora Cannabis Inc (OTCMKTS:ACBFF) has announced that it has plans to set up the Aurora Sun mega facility which will occupy roughly 1.2 Million Square Feet in Medicine Hat, Alberta.

The company made the announcement on Monday revealing that the Aurora Sun cannabis facility will occupy a space the size of 21 football fields. The Aurora Cannabis revealed that it is buying roughly 71 acres (29 hectares) in Medicine Hat. The firm plans to build the new high-tech Aurora Sun facility on the massive piece of land. The company also revealed that it has managed to secure a memorandum of understanding with the city and that it includes a potential deal for the supply of 42 megawatts of electricity.

The Aurora Sun facility will be 50 percent larger than the company’s Aurora Sky facility which is located at Edmonton International Airport. Aurora Cannabis is expected to commence the planting of cannabis at the upcoming Medicine Hat facility within the first half of 2019 and should be completed before the end of the year.

“We are grateful to the City of Medicine Hat, which has proven to be a very agile, capable and pro-active partner in making this project possible. We look forward to establishing ourselves both as an important local investor and employer, with more than 450 full-time jobs anticipated, and a significant impact on the local economy for years to come,” stated Aurora Cannabis CEO, Terry Booth.

Booth also pointed out that the company has a unique aspect compared to other players in the marijuana industry because it has invested in the most superior mass scale production methods for cannabis. Medicine Hat’s Mayor, Ted Clugston, recently stated that the city looks forward to having a rapidly growing international company in the city especially because it will create employment. He also noted that the city offers a business-friendly environment as well as cost-effective electricity rates making it an appealing option for companies with high levels of technology engagement such as Aurora Cannabis. The launch of the facility in Medicine Hat will thus be a win-win situation for both parties.

Aurora Cannabis stock closed the latest trading session on Thursday at $6.89.

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