Aurora Completes First-Ever EU-GMP Certification for the Company's Dedicated Distribution Centre
Rhea-AI Summary
Aurora Cannabis (NASDAQ: ACB) has achieved a significant regulatory milestone with its Brampton, Ontario distribution centre receiving EU-GMP certification. This marks Aurora's fourth EU-GMP certified facility within its global network, enhancing the company's international medical cannabis export capabilities.
The certification validates Aurora's compliance with the EudraLex rules for medicinal products in the European Union, demonstrating the company's commitment to maintaining high manufacturing standards and quality consistency. The Brampton facility will serve as a centralized hub for international distribution, optimizing the storage and distribution of medical cannabis products globally.
Positive
- Fourth EU-GMP certified facility added to global network, expanding international export capabilities
- Enhanced operational efficiency through centralized distribution hub
- Strengthened position as largest Canadian medical cannabis exporter
- Strategic advantage in accessing European medical cannabis markets
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, ACB gained 2.00%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Adding a fourth certified facility within its global network increases operational capacity to better serve international medical markets
NASDAQ | TSX: ACB
"Securing EU-GMP certification at manufacturing and distribution facilities within our network is an important validation of our differentiated approach to operating as a global medical cannabis company," said Jill Lau, Vice President of Canadian Operations at Aurora. "By adding certification for our distribution centre, we are now uniquely positioned to ensure patients worldwide have consistent access to superior quality medical cannabis from the largest Canadian exporter."
EU-GMP certification is granted to companies whose production facilities meet the requirements under the EudraLex "Rules Governing Medicinal Products in the European Union," and that can demonstrate a high degree of quality and consistency in their manufacturing procedures, a requirement for the export of medical cannabis products into
With operations across
About Aurora Cannabis Inc.
Aurora is opening the world to cannabis, serving both the medical and consumer markets across
Aurora's common shares trade on the NASDAQ and TSX under the symbol "ACB".
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, but are not limited to, statements regarding the EU-GMP certification for the Company's dedicated distribution centre and benefits for the Company, including increases to operational capacity for international medical markets; statements regarding the Company's ability to meet patient demand globally; and the Company's commitment to regulatory excellence, end-to-end operational quality assurance and global supply chain efficiency.
These forward-looking statements are only predictions. Forward looking information or statements contained in this news release have been developed based on assumptions management 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 magnitude and duration of potential new or increased tariffs imposed on goods imported from
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SOURCE Aurora Cannabis Inc.