Skip to main content

Aurora Cannabis Inc(ACB-T)

Today's Change
Real-Time Last Update

Disclaimer · the source of content originated from an external provide and placement with press releases may or may not have been paid-for. Use at your own risk.

Aurora Cannabis to close outdoor growing facility in B.C. amid Thrive deal

Canadian Press - Wed May 11, 8:32AM CDT
Cannabis seedlings at the new Aurora Cannabis facility Friday, November 24, 2017 in Montreal. Aurora Cannabis Inc. says it will wind down operations at an outdoor growsite in the B.C. Interior. THE CANADIAN PRESS/Ryan Remiorz

EDMONTON — Aurora Cannabis Inc. says it will wind down operations at an outdoor grow site in the B.C. Interior.

The Edmonton-based cannabis company says it no longer has a need for the Westwold property called Aurora Valley because it recently acquired Thrive Cannabis, which has indoor and outdoor grow facilities.

Aurora spokesperson Kate Hillyar says in an email to The Canadian Press that less than 10 employees will be impacted by the closure of the site.

She says staff were informed of the decision ahead of the spring planting season and were offered transition opportunities wherever possible.

Hillyar says Aurora Valley was mostly an exploratory outdoor grow operation, whereas Thrive’s outdoor site has been commercializing product for years.

Aurora announced it would buy Thrive parent company TerraFarma Inc. in March in exchange for $38 million in cash and shares.

This report by The Canadian Press was first published May 11, 2022.

Companies in this story: (TSX:ACB)