Aleafia Health (TSX: ALEF) (OTCQX: ALEAF) and Aurora Cannabis (TSX: ACB) (NYSE: ACB) both announced positive news this morning in regards to their outdoor cannabis cultivation ambitions. The idea of growing cannabis outdoors for a fraction of the cost has been really heating up in 2019. Other companies such as 48North (TSXV: NRTH) (OTCPK: NCNNF), CannTrust (TSX: TRST) (NYSE: CTST) and WeedMD (TSXV: WMD) (OTCQX: WDDMF) have all made their outdoor grow plans very apparent. Now that cannabis giant Aurora Cannabis has officially entered the game, the race for outdoor supremacy has officially begun.
Aleafia Boosts Outdoor Capacity 4x
On June 13, 2019, Aleafia announced it had become the first Canadian licensed producer (LP) to complete a large scale outdoor cannabis crop and the company released a press release featuring some high-quality images of the team in action. Aleafia was officially off and running in their 292,000 sq ft zone 1 at their outdoor facility. All that was left for Aleafia was to receive a Health Canada license amendment for the remaining zones 2-4 wich cover an impressive 1.1 million sq ft and that’s exactly the good news Aleafia investors got this morning.
Aleafia announced this morning that they have officially obtained a license from Health Canada for the entire Port Perry Outdoor Grow facility. The new license immediately boosts Aleafia’s outdoor cultivation area from 292,000 sq ft to over 1.1 million sq ft. The license went info effect on July 12, 2019 and will expire on October 13, 2020.
Aleafia expects to begin planting in the newly licensed zones 2-4 on July 15, 2019. The company plans to utilize roughly 7,000 cannabis plants that are currently growing in zone 1. Aleafia has a trusted and proven cultivation team that will oversee the entire operation. This seasoned team has be involved in the operations and build-out of 7 other cultivation facilities.
Aleafia plans to use the cannabis grown at their outdoor facility for the creation of high margin extract products. The extraction and production will be done at the company’s Paris Facility using a closed loop ecosystem.
“The immediate four-fold increase in Aleafia Health’s licensed and operational cultivation area is our most significant milestone to date,” said Aleafia Health Chairman Julian Fantino. “We will continue to lead the way in low-cost production. This exponentially increases our total cultivation footprint while securing and increasing product supply for medical cannabis patients.”
“Our team is again relentlessly focused on execution, with plants in the ground within one business day of receiving our new Health Canada licence,” said Aleafia Health CEO Geoffrey Benic. “We plan to benefit from the increasing scale of our production operations across three facilities. Low-cost cannabis grown at Port Perry will accelerate and scale our mission of growing, producing and selling high-margin value-added cannabis health and wellness products globally.”
Source: Shutterstock
Aurora Throws its Hat in the Outdoor Ring
This morning the second largest cannabis company in the world, Aurora Cannabis announced they were throwing their hat into the outdoor cannabis ring. Aurora informed investors that it had received Health Canada licenses for outdoor cultivation at two Canadian sites.
The 2 sites the company received licenses for are located in British Columbia and Quebec. Aurora plans to use these new outdoor sites to drive sustainable, high-quality outdoor production through cultivation research, development of new technology, intellectual property, and genetics. Aurora specifically chose these 2 locations because they represent two different growing environments.
Aurora plans to conduct research on cultivation techniques in order to improve their ability to grow cannabis in a variety of different climate conditions. The company will also examine approaches for environmentally sustainable cannabis agriculture.
Aurora’s 207-acre facility located in Westwold, British Columbia will be called Aurora Valley. The company’s 21,000 sq ft facility located at the Aurora Eau facility in Lachute, Quebec is the first ever outdoor grow operation approved in Quebec. The company has already planted cannabis at their Aurora Eau facility and expects to plant at their Aurora Valley facility soon.
These 2 sites will compliment Aurora’s scientific research which is being conducted at its new Comox facility. The Comox facility is expected to be completed and ready to go in the fall of 2019. This facility consists of a 21,000 sq ft indoor grow and a 10,500 sq ft laboratory. The research facility will be the main location for Aurora’s plant breeding team which was designed to create new indoor and outdoor cannabis varieties with improved growing characteristics.
“Aurora believes in innovative operations and intensive research and we’re applying our approach to outdoor grown cannabis,” said Aurora CEO Terry Booth. “Our team plans to use these areas to ensure we are able to consistently grow the high-quality cannabis Aurora has become known for around the world. We’re proud to be a Canadian company and this is a further commitment to research and job creation in Canada.”
Dr. Jonathan Page, Chief Science Officer at Aurora added, “For this season and next, our focus will be on researching cultivation methods and evaluating genetics in order to produce high THC and CBD cannabis in outdoor-grown plants, with the ultimate goal of extracting these components. The unique climates of each site also presents a great opportunity to determine which cultivars will perform best in different outdoor environments.”
In addition, Aurora also confirmed that it has received its processing license from Health Canada for its Edmonton based Aurora Air and Aurora Sky facilities. Aurora Air is set to become the home for the company’s new edibles production lines. Aurora plans to unveil its new line of edibles to the Canadian market in December 2019.
Investors looking for additional information on Aleafia Health are encouraged to visit the company’s website here.
Additional investor due diligence links: Aleafia IR Website & Aleafia Investor Deck
Stay up to date with all things Aleafia Health by following them on social media: Facebook, Twitter, Instagram and LinkedIn
Investors looking for additional information on Aurora Cannabis are encouraged to visit the company’s website here.
Additional investor due diligence links: Aurora IR Website & Aurora Investor Deck
Stay up to date with all things Aurora Cannabis by following them on social media: Facebook, Twitter, and LinkedIn
About Aleafia Health:
Aleafia Health is a leading, vertically integrated cannabis health and wellness company with four primary business units: Cannabis Cultivation & Products, Health & Wellness Clinics, Cannabis Education, and Consumer Experience with ecommerce, retail distribution and provincial supply agreements. Aleafia Health through its subsidiaries owns three major cannabis product & cultivation facilities, two of which are licensed and operational. The Company produces a diverse portfolio of commercially proven, high-margin derivative products including oils, capsules and sprays. Aleafia Health operates the largest national network of medical cannabis clinics and education centres staffed by MDs, nurse practitioners and educators.
Aleafia Health maintains a medical cannabis dataset with over 10 million data points to inform proprietary illness-specific product development and treatment best practices. The Company is committed to creating sustainable shareholder value and has been named the 2019 top performing company of the year by the TSX Venture Exchange prior to graduation to the TSX.
About Aurora Cannabis:
Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 625,000 kg per annum and sales and operations in 25 countries across five continents, Aurora is one of the world’s largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution.
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