Aurora Cannabis To Shutdown British Columbia Facility

Aurora Cannabis (ACB) is shutting down operations at an outdoor grow site in the British
Columbia Interior.

The Edmonton-based cannabis producer says it no longer has a need for its Westwold, B.C.
property called “Aurora Valley” because it recently acquired Thrive Cannabis, which has indoor
and outdoor grow facilities.

Aurora said staff at the Westwold site were informed of the decision ahead of the spring planting
season and have been offered transition opportunities within the company wherever possible.

The Aurora Valley facility was mostly an exploratory outdoor grow operation, whereas Thrive’s
outdoor site has been making commercial products for several years now.

Aurora Cannabis announced it would buy Thrive parent company TerraFarma in March of this
year for $38 million.

So far in 2022, Aurora Cannabis stock has fallen 60% to $2.95 a share.