Aurora Cannabis Inc. (TSX:ACB) has announced that it is expanding the size of its marijuana production facility in Medicine Hat, Alberta by 33%.
The Edmonton-based cannabis producer said in a news release that it is increasing its high-tech "Aurora Sun" facility from an original plan of 1.2 million square feet to 1.62 million square feet, as the firm seeks to ramp up production amid growing global demand for medical marijuana.
Aurora said it expects the Medicine Hat facility will produce more than 230,000 kilograms of cannabis per year.
"The increased scale of Aurora Sun reflects our expectations for the long-term growth in global demand, especially the higher margin international medical markets which will be faced with significant supply shortages for the foreseeable future," said Aurora Chief Executive Officer Terry Booth in the news release.
"Sun is also designed with flexibility in mind to enable us to quickly meet changing market demands, particularly as breeding and cultivation technologies evolve and as customer preferences and requirements change."
The company first announced it acquired land to build the Sun facility in April 2018 and forecast completion for the second half of 2019. Aurora said that the operation’s ground work is near completion, its steel structure is being erected and glass at the Sun facility is slated for installation in May.
Related Stories
