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":"
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