Aurora Cannabis sells Aurora Polaris facility for $15M

Aurora Cannabis announced that the company has closed the sale of its Aurora Polaris facility for gross proceeds of approximately $15M, previously announced to be closing under the company’s ongoing transformation program. Aurora’s balance sheet remains in a net cash position, with approximately $320M of cash and cash equivalents (including approximately $63M of restricted cash) inclusive of the transaction announced, and the company reiterates its expectation of achieving Adjusted EBITDA profitability for the quarter ending December 31, 2022.