To become more profitable, Aurora Cannabis (ACB) is closing its flagship Aurora Sky facility in Edmonton, Alberta, and shuttering an outdoor farm in British Columbia and its prized Anandia testing and genetics division.
The Edmonton-based producer also acknowledged the pending sale of its Sun facility in Medicine Hat, Alberta, for 47 million Canadian dollars ($36 million), well below the more than CA$250 million Aurora had put into the huge greenhouse.
Aurora disclosed the latest facility closures and sales last week, along with its third-quarter earnings, in which the company reported a loss of CA$1 billion ($780 million).
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