VANCOUVER, March 30, 2017 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (TSX-V: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announced that effective today, shares of the Company have been approved for and have commenced trading on the OTCQX Best Market, operated by OTC Markets Group, under the ticker symbol ACBFF. Shares of the Company previously traded on the OTCQB Venture Market.
"We are very pleased that Aurora is the first Canadian licensed producer to upgrade U.S. trading in our shares to the OTCQX," said Terry Booth, CEO. "The upgrade reflects the significant progress we have made both as an operator and as a public company. We believe being on the OTCQX will increase our investor audience in the U.S., due to the stricter corporate governance requirements that meet a broader range of investment mandates. On a strategic basis, this upgrade also signals our intent to further engage with - and expand - our U.S. investor base."
The OTCQX market is reserved for established, investor-focused U.S. and global companies that meet high financial standards, provide timely news and disclosure to investors, and are sponsored by a professional third-party advisor. McMillan LLP serves as Aurora's OTCQX advisor, responsible for providing professional guidance on OTCQX requirements and U.S. securities laws.
U.S. investors can find current financial disclosure and Level 2 quotes for the company on www.otcmarkets.com.
Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, and is currently constructing a second, 800,000 square foot production facility, known as "Aurora Sky", at the Edmonton International Airport. The Aurora Sky project has secured advanced technology from the most renowned design and construction suppliers in the Netherlands. Aurora's common shares trade on the TSX-V under the symbol "ACB", and on the OTCQX Best Market under the symbol "ACBFF".
On behalf of the Board of Directors,
AURORA CANNABIS INC.
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. 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. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. 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 law.
The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Aurora Cannabis Inc.
For further information: Cam Battley, Executive Vice President, +1.905.864.5525, firstname.lastname@example.org, www.auroramj.com; Marc Lakmaaker, NATIONAL Equicom, email@example.com, +1.416.848.1397