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Home 🌿 Medical Cannabis News 🌿 Aurora Cannabis's License to Sell Oils Is an Important Milestone, Says Canaccord Genuity 🌿

Aurora Cannabis's License to Sell Oils Is an Important Milestone, Says Canaccord Genuity

Submitted by Marijuana News on Fri, 01/27/2017 - 08:30

A license to sell cannabis oils opens up a lot of opportunity for Aurora Cannabis (TSXV:ACB), says Canaccord Genuity analyst Neil Maruoka. 

On Monday, Aurora Cannabis announced that its wholly owned subsidiary, Aurora Cannabis Enterprises, had been licensed by Health Canada for the sale of cannabis oils.

“Obtaining our licence to sell cannabis oils is another major milestone for Aurora, and we can now participate in the derivative cannabis market by further expanding our product line for patients and offer prescribing physicians a high-quality alternative to inhaled products,” said CEO Terry Booth “We have made key capital investments that now enable us to rapidly deploy our differentiating extraction methods that rank among the most consistent and efficient in the sector. With the combined capacity from our existing production site, as well as from our planned 800,000-square-foot Aurora Sky facility now under construction at Edmonton International Airport, we believe Aurora is well...

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