The agreement, which covers the period until the end of 2022, will facilitate an exchange of information and support across areas including the cultivation and processing of medical cannabis; extraction and manufacturing technology; and analysis of cannabis extracts.
Aurora is Canada's second largest publicly listed medical cannabis producer and the first Canadian company to establish purpose built cultivation facilities. Aurora is a 19.9% shareholder of Cann, having taken a cornerstone position at Cann's initial public offering in May of this year.
The agreement was executed at Aurora's state of the art production facility in Mountain View County, where Aurora management hosted a visit of the Cann Board of Directors.
Cann Chairman Allan McCallum said the agreement with Aurora will provide critical technical support as Cann proceeds with the expansion of its research and development and cultivation facilities in Melbourne.
"Aurora's experience and technical know-how are recognized around the world as industry-leading. Cann is at the forefront of Australia's fledgling medical cannabis industry and is committed to adopting industry best-practices across all of our operations," said Allan McCallum, Chairman of Cann. "This agreement will facilitate close co-operation and valuable technical support as we continue to develop our business in the Australian market. The agreement with Aurora strengthens our R&D programs, cultivation, manufacturing and service to patients, and we believe will help us build strong brand equity in the Australian market."
Cann CEO Peter Crock added, "To position ourselves as one of the significant players in the Australian market, we are completing the expansion of our southern facility, as well as expect to commission a larger capacity northern facility by the end of this year. Aurora is incorporating industry leading technology in the world's most advanced new facility now under construction in Edmonton, and we will benefit greatly from a regular exchange of information, including reciprocal visits of key personnel."
"This agreement with Cann is a key element in executing on our international expansion strategy," said Terry Booth, CEO. "By transferring important operational know-how to Cann, our intention is to support not only the development of one of the leading players in this market, but also to accelerate the development of the broader Australian medical cannabis sector."
The visit of Cann's Board coincided with a visit to Canada by Victorian Agriculture Minister Jaala Pulford, who met with Aurora management and inspected the company's facilities.
Allan McCallum said it was pleasing that the Minister was investing the time and effort to visit facilities and meet with industry leaders in other parts of the world. "It is important that Australia learns from the experience gained in countries where the industry has been established for some time and adopts high standards and best practices."
Aurora is Canada's second largest publicly listed medical cannabis producer and the first Canadian company to establish purpose built cultivation facilities. Aurora is a 19.9% shareholder of Cann, having taken a cornerstone position at Cann's initial public offering in May of this year.
The agreement was executed at Aurora's state of the art production facility in Mountain View County, where Aurora management hosted a visit of the Cann Board of Directors.
Cann Chairman Allan McCallum said the agreement with Aurora will provide critical technical support as Cann proceeds with the expansion of its research and development and cultivation facilities in Melbourne.
"Aurora's experience and technical know-how are recognized around the world as industry-leading. Cann is at the forefront of Australia's fledgling medical cannabis industry and is committed to adopting industry best-practices across all of our operations," said Allan McCallum, Chairman of Cann. "This agreement will facilitate close co-operation and valuable technical support as we continue to develop our business in the Australian market. The agreement with Aurora strengthens our R&D programs, cultivation, manufacturing and service to patients, and we believe will help us build strong brand equity in the Australian market."
Cann CEO Peter Crock added, "To position ourselves as one of the significant players in the Australian market, we are completing the expansion of our southern facility, as well as expect to commission a larger capacity northern facility by the end of this year. Aurora is incorporating industry leading technology in the world's most advanced new facility now under construction in Edmonton, and we will benefit greatly from a regular exchange of information, including reciprocal visits of key personnel."
"This agreement with Cann is a key element in executing on our international expansion strategy," said Terry Booth, CEO. "By transferring important operational know-how to Cann, our intention is to support not only the development of one of the leading players in this market, but also to accelerate the development of the broader Australian medical cannabis sector."
The visit of Cann's Board coincided with a visit to Canada by Victorian Agriculture Minister Jaala Pulford, who met with Aurora management and inspected the company's facilities.
Allan McCallum said it was pleasing that the Minister was investing the time and effort to visit facilities and meet with industry leaders in other parts of the world. "It is important that Australia learns from the experience gained in countries where the industry has been established for some time and adopts high standards and best practices."
