Aurora Cannabis to close Aurora Sky facility in Edmonton

Aurora Hashish to shut Aurora Sky facility in Edmonton

As a part of its value financial savings plans indicated in its third quarter results, Aurora Cannabis introduced Thursday it might be closing its Aurora Sky facility in Edmonton.


“We are going to proceed to make use of a gifted workforce in Alberta, function an Edmonton workplace and stay dedicated to our enterprise in Canada as an entire,” Aurora Hashish’ vp of communications Michelle Lefler informed World Information in an electronic mail.

“This resolution was not taken calmly. The corporate continues to make robust but accountable modifications to optimize our enterprise to satisfy the challenges and alternatives of the hashish {industry} and place Aurora for long-term international success.

“Our sufferers and shoppers in Alberta can proceed to depend on Aurora as a supplier of premium hashish they belief,” Lefler wrote.

Aurora Hashish’ Aurora Sky facility in Edmonton, Could 12, 2022.

World Information

“Aurora’s roots will at all times be in Alberta. We’re grateful to all Albertans for his or her ongoing help of our enterprise. Most significantly, we need to acknowledge the arduous work of our workers and thank them for his or her contributions.

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“Throughout this transition, we’re dedicated to supporting all workers who’re impacted by this resolution and can present a full suite of sources to help them.”

Learn extra:

Aurora Cannabis calling Edmonton home with its world HQ

Aurora Hashish created its headquarters in Edmonton in 2018.

The Edmonton-based firm introduced job cuts in December 2020. The workforce at Aurora Sky close to the Edmonton Worldwide Airport — one of many world’s largest hashish amenities — was scaled again by 75 per cent. That meant 214 staff misplaced jobs at the moment.

Click to play video: 'Aurora Cannabis to close facility south of Edmonton'

Aurora Hashish to shut facility south of Edmonton

Aurora Hashish to shut facility south of Edmonton – Sep 22, 2021
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In September 2021, the company announced it was closing its Aurora Polaris property in Edmonton as a part of a plan to streamline its operations.

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Aurora Cannabis reducing workforce at Edmonton-area facility

On Thursday, Aurora Hashish outlined plans to avoid wasting an extra $70-$90 million by the top of H1 fiscal 2023.

Its efforts to avoid wasting prices of products offered “now embody the closure of the Aurora Sky facility in Edmonton (beforehand introduced to be working at roughly 25 per cent capability), in step with our diversified enterprise portfolio, prudent strategy to capital allocation, and our technique within the Canadian adult-use market to concentrate on larger margin premium classes,” the corporate’s information launch mentioned.

Click to play video: 'Aurora Cannabis downsizing part of ‘right-sizing’ industry: analyst'

Aurora Hashish downsizing a part of ‘right-sizing’ {industry}: analyst

Aurora Hashish downsizing a part of ‘right-sizing’ {industry}: analyst – Jun 23, 2020

The fiscal replace confirmed Aurora Hashish’ medical hashish internet income was up eight per cent from the yr earlier than. That income development was pushed by the worldwide medical hashish enterprise, the corporate said.

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Its shopper hashish internet income decreased to $10.3 million from $14.4 million the earlier quarter, due primarily to “industry-wide pricing pressures throughout our portfolio and exacerbated by retail retailer closures in key provinces.”

“Throughout Q3, we continued specializing in our international medical hashish enterprise as a result of it’s each defensive and secure, with money gross margins that exceed 60 per cent,” CEO Miguel Martin mentioned in Aurora’s information launch Thursday.

“When it comes to the Canadian adult-use market, we proceed to regulate to present situations, are excited for future contributions from the Thrive workforce, and are dedicated to a steady stream of innovation, together with advancing our premiumization technique.”

Learn extra:

Edmonton-based Aurora Cannabis to lay off staff, close 5 Canadian sites

In November 2020, Aurora Hashish mentioned it was indefinitely pausing operations at its Aurora Solar property in Drugs Hat, a choice that may lead to about 30 layoffs.

In June of that yr, the corporate laid off 700 staff and introduced plans to stop operations at 5 amenities in Saskatchewan, Ontario, Alberta and Quebec.

Click to play video: 'Behind-the-scenes tour of Aurora Sky'

Behind-the-scenes tour of Aurora Sky

Behind-the-scenes tour of Aurora Sky – Oct 9, 2018

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