Aurora Cannabis Welcomes Royal Assent of Canada’s Cannabis Act

EDMONTON, Alberta, June 21, 2018 /PRNewswire/ --

First G7 Country to Legalize Adult Consumer Use - Sales to Commence October 17 

TSX: ACB

Aurora Cannabis Inc. ("Aurora" or the "Company") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) commented today on the granting of Royal Assent to Bill C-45, the Cannabis Act. With Royal Assent received, the legislation legalizing cannabis for adult consumer use has now passed its final official step, and retail sales are to commence October 17, 2018, as announced by Canada's federal government yesterday.

"The granting of Royal Assent today ends nearly a century of cannabis prohibition, marking a truly historic moment for all Canada, for Canadian public policy, and for this country's cannabis sector," said Terry Booth, CEO. "International delegates have been coming to Canada for years to study our medical cannabis system, which is globally renowned for its efficiency and success. Canada's legal framework is increasingly serving as a model for other countries looking to implement their own medical cannabis legislation. With the Cannabis Act, Canada further establishes its global leadership as the only G7 country to legalize adult consumer use. The federal government has provided intelligent and rational public policy focused on clearly defined objectives that will reduce the negative impact of prohibition, while establishing a well-regulated system designed to protect youth, public health and public safety. Aurora is proud to be a leader in this new industry, both as a producer of high-quality cannabis, and as an advocate for fairness and justice, including amnesty on past non-violent cannabis-related offenses, and on achieving tax-exempt status for medical cannabis."

Mr. Booth continued, "Aurora is executing on a broad, deep and innovative consumer market strategy, supported by massive production, extensive distribution channels and strong brands. With production at our facilities, including Aurora Sky, ramping up very rapidly, we look forward to provide this large and exciting market with an excellent portfolio of Aurora Standard products, ensuring unique user experiences to a new group of customers from October 17, 2018 onwards."

About Aurora 

Headquartered in Edmonton, Alberta, with funded capacity in excess of 430,000 kg per year and operations across Canada and in Europe, Aurora is one of the world's largest cannabis companies. The Company is vertically integrated and horizontally diversified across every key segment of the value chain, from facility design and engineering, to cannabis breeding and genetics research, cannabis and hemp production, extraction and high value-add product development, home cultivation and wholesale and retail distribution.