NASDAQ | TSX: ACB
EDMONTON, AB, Oct. 12, 2021 /CNW/ - Aurora Cannabis Inc.
(NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future
of cannabinoids worldwide, today announced a New Acre Project
sponsorship to support ALUS. The commitment is intended to fund
environmental programs in the communities where Aurora facilities
are located.
The sponsorship creates shared value for Aurora's customers,
consumers, and patients by taking action to address climate change,
help communities solve local environmental challenges and protect
biodiversity through the restoration of natural habitats.
"As a proudly Canadian company, and global leader, Aurora deeply
values the communities where we work and live," says Miguel Martin, CEO. "As corporate citizens, we
have a responsibility to our environment beyond offsetting, whether
that's by improving processes within our business to be more
environmentally-conscious or supporting our communities to
thrive."
With $50,000 support from Aurora,
ALUS will steward 50 New Acre Project acres, helping to restore
wetlands and grasslands, create pollinator and wildlife habitats,
reforest, and establish other ecologically beneficial projects.
"Aurora's New Acre Project sponsorship demonstrates leadership
within the cannabis industry, taking a step forward to address
climate change by helping communities solve local environmental
challenges," says Bryan Gilvesy, CEO
of ALUS. "ALUS looks forward to working with Aurora to create a
positive impact in the communities where they operate."
To start, the sponsorship will focus on developing New Acres in
Ontario and Alberta, where Aurora operates.
The Company has implemented several environmental initiatives
internally, including investments in energy efficiency, water
conservation and waste education; and is committed to continuous
improvement.
About ALUS and
New AcreTM Project:
ALUS (originally an acronym for Alternative Land Use Services)
is a charitable organization that sustains agriculture and
biodiversity for the benefit of communities and future generations.
ALUS provides direct financial and technical support to a network
of more than a thousand farmers and ranchers who deliver ecosystem
services in more than 30 communities across Canada, such as cleaner air, cleaner water,
carbon sequestration, erosion control, flood mitigation, pollinator
support and wildlife habitat. ALUS' New Acre Project helps
corporations exceed sustainability objectives by supporting farmers
and ranchers to build nature on their land. Learn more
at newacre.org and ALUS.ca.
About Aurora:
Aurora is a global leader in the cannabis industry, serving
both the medical and consumer markets. Headquartered in
Edmonton, Alberta, Aurora is a
pioneer in global cannabis dedicated to helping people improve
their lives. The Company's brand portfolio includes
Aurora, Aurora Drift, San Rafael '71, Daily
Special, MedReleaf, CanniMed, Whistler, Reliva and KG7
CBD. Driven by science and innovation, and with a focus on
high-quality cannabis products, Aurora's brands continue to break
through as industry leaders in the medical, performance,
wellness and adult recreational markets
wherever they are launched. Learn more
at www.auroramj.com and follow us
on Twitter and LinkedIn.
Aurora's common shares trade on the TSX
and NASDAQ under the symbol "ACB" and is a constituent of
the S&P/TSX Composite Index.
Forward-Looking Information
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward-looking
statements are frequently characterized by words such as "plan",
"continue", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "potential", "proposed" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. Forward-looking statements made in this news
release include statements regarding the implementation and
expected outcomes of sponsored environmental programs, including
value created for various stakeholders.
These forward-looking statements are only predictions. Forward
looking information or statements contained in this news release
have been developed based on assumptions managements considers to
be reasonable. Material factors or assumptions involved in
developing forward-looking statements include, without limitation,
publicly available information from governmental sources as well as
from market research and industry analysis and on assumptions based
on data and knowledge of this industry which the Company believes
to be reasonable. Forward-looking statements are subject to a
variety of risks, uncertainties and other factors that management
believes to be relevant and reasonable in the circumstances could
cause actual events, results, level of activity, performance,
prospects, opportunities or achievements to differ materially from
those projected in the forward-looking statements. These risks
include, but are not limited to, the ability to retain key
personnel, the ability to continue investing in infrastructure to
support growth, the ability to obtain financing on acceptable
terms, the continued quality of our products, customer experience
and retention, the development of third party government and
non-government consumer sales channels, management's
estimates of consumer demand in Canada and in jurisdictions where the Company
exports, expectations of future results and expenses, the risk of
successful integration of acquired business and operations,
management's estimation that SG&A will grow only in proportion
of revenue growth, the ability to expand and maintain distribution
capabilities, the impact of competition, the general impact of
financial market conditions, the yield from cannabis growing
operations, product demand, changes in prices of required
commodities, competition, and the possibility for changes in laws,
rules, and regulations in the industry, epidemics, pandemics or
other public health crises, including the current outbreak of
COVID-19, and other risks, uncertainties and factors set out under
the heading "Risk Factors" in the Company's annual information form
dated September 27, 2021 (the "AIF")
and filed with Canadian securities regulators available on the
Company's issuer profile on SEDAR at www.sedar.com and filed
with and available on the SEC's website at www.sec.gov. The
Company cautions that the list of risks, uncertainties and other
factors described in the AIF is not exhaustive and other factors
could also adversely affect its results. Readers are urged to
consider the risks, uncertainties and assumptions carefully in
evaluating the forward-looking statements and are cautioned not to
place undue reliance on such information. The Company is under no
obligation, and expressly disclaims any intention or obligation, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable securities law.
SOURCE Aurora Cannabis Inc.