Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1
Aurora Cannabis Furthers Global Medical Cannabis
Growth with Accretive Acquisition of Internode Pharma Limited and HAP Pharma Limited, Expanding Distribution Access to the UK Medical
Cannabis Market
EDMONTON, AB, Aug. 19, 2026 /CNW/ - Aurora Cannabis
Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian-based leading global medical
cannabis company, is pleased to announce that it has acquired Internode Pharma Limited, a licensed importer and wholesaler, and HAP Pharma
Limited, a licensed pharmacy (the "Companies").
Quote from Aurora CEO, Miguel Martin
"The acquisition of Internode Pharma Limited
and HAP Pharma Limited mark a further strategic milestone for Aurora as we continue to purposefully invest in expanding our leadership
in the rapidly growing international medical cannabis market. We believe that this transaction will allow us to fully leverage our operational,
commercial and regulatory expertise to expand our market share, while also supporting a consistent and reliable supply of high-quality
medical cannabis products to UK patients," said Miguel Martin, Executive Chairman and Chief Executive Officer of Aurora.
"Given the growing patient demand, strong acceptance
of our products and increasingly prescriptive regulatory standards, the UK represents an exciting opportunity for us, and acquiring these
companies provides Aurora with greater agility to more reliably serve UK patients," added Mr. Martin.
Strategic Rationale
| • | The UK is one of the largest European medical cannabis markets, representing
a population of approximately 70 million people. |
| • | The Companies operate a licensed import and distribution facility and a virtual
pharmacy in Birmingham, United Kingdom, providing Aurora with direct ownership and control of the supply chain from cultivation through
to delivery to patients. |
| • | Aurora intends to leverage its commercial, regulatory and operational expertise
to streamline distribution and drive market share gains in the rapidly growing UK medical cannabis market. |
| • | This transaction is expected to be accretive to adjusted EBITDA contributions
in future quarters due to operational efficiencies and reduced reliance on third parties to distribute Aurora's products to patients. |
| • | Aurora intends to evaluate further investment opportunities to expand distribution
capacity in the UK to support increasing patient demand. |
Transaction Details
Aurora, through a wholly-owned subsidiary, indirectly
purchased 100% of the shares of Internode Pharma Limited and HAP Pharma Limited. As consideration on closing, Aurora paid the selling
shareholders GBP 2.1 million in cash, contingent on the satisfaction of certain conditions post-closing.
About Aurora
Aurora is a global leader in medical cannabis, dedicated
to improving lives through scientific expertise, proven performance, and a deep commitment to patient care. Aurora serves both medical
and consumer markets across Canada, Europe, Australia, and New Zealand, with a strategic focus on high-margin opportunities and a medical-first
approach. Aurora's portfolio of trusted, leading brands includes Aurora®, MedReleaf®, Pedanios®, IndiMed™, San Raf®,
Tasty's® and Whistler Medical Marijuana Co.®. With world-class GMP-certified manufacturing facilities in Canada and Germany, and
a team of industry-leading professionals, Aurora continues to expand its global footprint and deliver consistent, high-quality cannabis
products with the purpose of Opening the World to Cannabis™.
Learn more at www.auroramj.com and follow us
on X and LinkedIn.
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 Company's acquisition of
Internode Pharma Limited and HAP Pharma Limited and related benefits to the business, including impacts on Adjusted EBITDA in future quarters,
operational efficiencies and reduced reliance on third parties, and expectations for expanded distribution access to the UK medical cannabis
market; the Company's ability to supply the UK market; the Company's plans to expand its leadership in the rapidly growing international
medical cannabis market; the Company's competitive advantages in commercial, regulatory and operational expertise and its ability to leverage
those advantages to drive market share; and statements regarding other growth and investment opportunities.
These forward-looking statements are only predictions.
Forward-looking information or statements contained in this news release have been developed based on the Company and its management's
good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's
business and operations in the future. Forward-looking information and statements are not a guarantee of future performance and are based
upon a number of estimates and assumptions of management at the date the statements are made including, among other things, assumptions
about: development costs remaining consistent with budgets; the ability to manage anticipated and unanticipated costs; access to favorable
equity and debt capital markets; the ability to raise sufficient capital to advance the business of the Company; favorable operating and
economic conditions; political and regulatory stability; obtaining and maintaining all required licenses and permits; receipt of governmental
approvals and permits; sustained labour stability; stability in financial and capital goods markets; favorable production levels and costs
from the Company's operations; the pricing of various cannabis products; the level of demand for cannabis products; the availability of
third-party service providers and other inputs for the Company's operations; and the Company's ability to conduct operations in a safe,
efficient, and effective manner. The Company does not give any assurance that the assumptions on which forward-looking information or
statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner
by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company's control. Such forward-looking
statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties,
and there can be no assurance that other factors will not affect the accuracy of such 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 availability of additional capital to complete construction
projects and facilities improvements, the risk of successful integration of acquired business and operations, management's estimation
that SG&A will grow only in proportion to 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 crisis, and other risks as set out under the heading "Risk Factors" in the Company's annual
information form dated June 10, 2026 and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR+
at www.sedarplus.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.
Non-GAAP Measures
This news release contains reference to certain financial
performance measures that are not recognized or defined under IFRS (termed "Non-GAAP Measures"). As a result, this data may
not be comparable to data presented by other licensed producers of cannabis and cannabis companies. Non-GAAP Measures should be considered
together with other data prepared in accordance with IFRS to enable investors to evaluate the Company's operating results, underlying
performance and prospects in a manner similar to Aurora's management. Accordingly, these non-GAAP Measures are intended to provide additional
information and to assist management and investors in assessing financial performance and should not be considered in isolation or as
a substitute for measures of performance prepared in accordance with IFRS. The information included under the heading "Cautionary
Statement Regarding Certain Non-GAAP Performance Measures" in the FY27 Q1 MD&A is incorporated by reference into this news release.
The MD&A is available on the Company's issuer profiles on SEDAR+ at www.sedarplus.com and on the U.S. Securities and Exchange
Commission's (the "SEC") EDGAR website at www.sec.gov.
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SOURCE Aurora Cannabis Inc.
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%CIK: 0001683541
For further information: For Media: Michelle Lefler, VP, Communications
& PR, media@auroramj.com; For Investors: ICR, Inc., Investor Relations, aurora@icrinc.com
CO: Aurora Cannabis Inc.
CNW 13:45e 19-AUG-26