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Another Reason Why Aurora Cannabis Inc (OTCMKTS:ACBFF) has Carved Out its Leadership Role

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Aurora Cannabis Inc (OTCMKTS:ACBFF) has developed a reputation as a leading strategic player in the cannabis space, and for good reason. One additional dimension to this is the company’s participation in new and experimental processes that can put it on the leading in what may seem mundane to most investors. But these are the things that can add up to a critical difference. As a case in point, the company just announced that Micron Waste Technologies Inc. (MICWF), a leading developer of waste digesters for food and cannabis waste, today reported positive results from the optimization of the Cannavore cannabis waste processing units with Aurora Cannabis.

According to the release, “The Company will now optimize the technology for sub-zero operations, as well as add computerized remote operating capabilities, following which Micron will commence to offer the units commercially.”

Aurora Cannabis Inc (OTCMKTS:ACBFF) is one of the most widely diversified players in the cannabis space due to its powerful strategic investments.

In addition to the Company’s rapid organic growth and strong execution on strategic M&A, which to date includes 15 companies – MedReleaf, CanvasRX, Peloton Pharmaceutical,  Aurora Deutschland (formerly Pedanios), H2 Biopharma, Urban Cultivator, BC Northern Lights, Larssen Greenhouses, CanniMed Therapeutics, Anandia Labs, HotHouse Consulting, Agropro, Borela, and the pending acquisition of ICC Labs – Aurora is distinguished by its reputation as a partner of choice and employer of choice in the global cannabis sector.

The company has invested in and established strategic partnerships with a range of leading innovators, including: The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), 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), Namaste Technologies Inc. (TSXV: N), Evio Beauty Group (private), Wagner Dimas (private), CTT Pharmaceuticals (OTCC: CTTH), and Alcanna Inc. (TSX: CLIQ).

However, just drilling down into its core cannabis production operations, through Aurora Cannabis Enterprises Inc, trumpets itself as “one of the world’s largest and leading cannabis companies” and a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR).

The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, known as Aurora Mountain, is currently constructing a second 800,000 square foot production facility, known as “Aurora Sky”, at the Edmonton International Airport, and has acquired, and is undertaking completion of a third 40,000 square foot production facility in Pointe-Claire, Quebec, on Montreal’s West Island.

 

Breaking New Ground

Shares of ACBFF have powered higher over the past month, rallying roughly 60% in that time on strong overall action. Furthermore, the listing has seen interest climb, with an increase in recent trading volume of just under 250% over the long run average.

“We are very pleased with the outcome of the trial and are now moving into commercialization and will begin selling the units to the wider cannabis industry,” said Micron president Alfred Wong.

“With the onset of adult usage in Canada and a rapidly growing international cannabis market, the number of operators in the sector has increased dramatically. Current waste disposal methods are expensive and inefficient. Our technology not only significantly improves the economics of cannabis waste disposal, but also streamlines compliance procedures, leading to a substantial reduction in time requirements to deal with waste handling. With our technology, customers will be at the forefront of innovation and environmental stewardship, showing leadership through commitment to clean air and water in Canada and around the world.”

Aurora Cannabis Inc (OTCMKTS:ACBFF) generated sales of $19.1M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 18.9% on the top line.

In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($149.4M against $75.2M).

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