EDMONTON – Aurora Cannabis Inc. says it has closed the sale of its Aurora Polaris facility.<\/p>\n
The company says gross proceeds from the sale totalled about $15 million.<\/p>\n
Aurora announced in 2021 that it would close the Alberta property as part of a plan to streamline its operations.<\/p>\n
It said at the time that the location's medical distribution operations would move to the Aurora Sky facility, while manufacturing would be relocated to Aurora River in Bradford, Ont.<\/p>\n
The company said its balance sheet remains in a net cash position, with about $320 million of cash and cash equivalents including about $63 million of restricted cash.<\/p>\n
Aurora also reiterated its expectation of achieving profitability based on adjusted earnings before interest, taxes, depreciation and amortization for the quarter ended Dec. 31, 2022.<\/p>\n
This report by The Canadian Press was first published Jan. 4, 2023.<\/p>\n
Companies in this story: (TSX:ACB)<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
EDMONTON – Aurora Cannabis Inc. says it has closed the sale of its Aurora Polaris facility. The company says gross proceeds from the sale totalled about $15 million. Aurora announced in 2021 that it would close the Alberta property as part of a plan to streamline its operations. It said at the time that the […]<\/p>\n","protected":false},"author":362,"featured_media":1016,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2023-01-04T06:13:57","updated":"2023-01-05T22:00:00","_infotelid":"IT96118","_prepressid":"96118","_multisite_post_sync":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[379,2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-9","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured3","category-in420","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":7}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/in420\/news\/9\/aurora-cannabis-closes-sale-of-aurora-polaris-facility-for-15m-in-gross-proceeds\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Aurora Cannabis closes sale of Aurora Polaris facility for $15M in gross proceeds","url":"http:\/\/infonews.ca\/in420\/news\/9\/aurora-cannabis-closes-sale-of-aurora-polaris-facility-for-15m-in-gross-proceeds\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/in420\/news\/9\/aurora-cannabis-closes-sale-of-aurora-polaris-facility-for-15m-in-gross-proceeds\/"},"thumbnailUrl":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID96118-2712.jpg?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID96118-2712.jpg"},"articleSection":"featured3","author":[{"@type":"Person","name":"Howard Alexander"}],"creator":["Howard Alexander"],"publisher":{"@type":"Organization","name":"iN420","logo":""},"keywords":[],"dateCreated":"2023-01-04T14:13:57Z","datePublished":"2023-01-04T14:13:57Z","dateModified":"2023-01-06T06:00:00Z"},"rendered":"