AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
AGILITY INNOVATION EXECUTION AND EXPANSION Building a globally dominant cannabis company JANUARY 2018
Forward Looking Statements This Presentation (the “Document”) by Aurora Cannabis Inc. (“Aurora” or the “Company”) has been compiled by management of the Company solely for information purposes. The Document has been prepared and dated as of March 31, 2017, and the information contained herein is current as of such date only. The Document under no circumstances is to be construed to be an offering of securities. Neither this Document, nor its delivery to the recipient shall constitute an offer to sell, or the solicitation of an offer to buy the assets described herein. It is provided solely for use by prospective investors in considering their interest. The information contained herein has been prepared to assist interested parties in making their own evaluation of the Company and its business and does not purport to contain all the information that prospective investors may require. Prospective investors should conduct their own investigation and analysis of the Company and its business and the information contained in this Document as well as any additional information provided by the Company. This Document includes forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act (Ontario, Alberta and British Colombia) and other provincial securities law in Canada. These forward- looking statements include, among others, statements with respect to our objectives, goals and strategies to achieve those objectives and goals, as well as statements with respect to our beliefs, plans, objectives, expectations, anticipations, estimates and intentions. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward- looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, which give rise to the possibility that predictions, forecasts, projections and other forward-looking statements will not be achieved. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. The Company strongly cautions readers not to place undue reliance on these statements, as a number of important factors, many of which are beyond our control, could cause the Company’s actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to: general economic conditions; pending and proposed legislative or regulatory developments in Canada including the impact of changes in laws, regulations and the enforcement thereof; reliance on funding models in Canada; operational and infrastructure risks including possible equipment failure and performance of information technology systems; intensifying competition resulting from established competitors and new entrants in the businesses in which the Company operates; insurance coverage of sufficient scope to satisfy any liability claims; fluctuations in total patients and customers; technological change and obsolescence; loss of services of key senior management personnel; privacy laws; structural subordination of common shares; leverage and restrictive covenants; fluctuations in cash timing and amount of capital expenditures; tax-related risks; unpredictability and volatility of the price of the Company’s securities; dilution; and future sales of the Company’s securities. The foregoing list of important factors that may affect future results is not exhaustive. When reviewing the Company’s forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by Canadian securities law, the Company does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by the Company or on the Company’s behalf. Such statements speak only as of the date made. The forward-looking statements contained in this Document should not be relied upon as representing the view of the Company or its management as of any date subsequent to the date of this Document. Neither the Company nor its management is under any obligation, and neither undertakes, to update any of this information at any particular time. Neither the Company nor its management assumes any obligation to update or revise forward-looking statements should circumstances or estimates or opinions changes. None of the Company or its affiliated or related partnerships and corporations or their respective directors, officers, partners, employees, agents or representatives makes any representation or warranty as to the accuracy or completeness of the Document or any statements, estimates or projections, and none will assume any liability for any representations (express or implied) contained in, or for any omissions from, the Document, or for any other written or oral communications transmitted to prospective investors in the course of their evaluation of the Company and its business. An investor will only be entitled to rely on those representations and warranties contained in the definitive agreement or agreements which constitute the financing. This presentation can not be copied, reproduced or distributed in whole or in part to others, at any time, without the prior express written consent of the Company. To the extent that they are included in this document, certain financial metrics can be reported as non-IFRS measures, such as EBITDA (earnings before interest, taxes, depreciation and amortization). For the purposes of this Document, EBITDA is calculated as revenue less cost of sales and operating expenses. The Company believes that these non-IFRS measures are appropriate measures of the operating performance of the Company. The Company’s calculation of these measures may differ from the methodology used by other issuers and, accordingly, may not be comparable to such other issuers. The Company believes that these measures are appropriate measures of the Company’s operating performance because they facilitate an understanding of operating performance without giving effect to certain non-cash and overhead expenses. None of these measures are equivalent to net income or cash flow from operating activities determined in accordance with IFRS. Aurora Cannabis Inc. Management Presentation 2
EXCEPTIONALLY PROJECTED MARKET POTENTIAL WELL POSITIONED TO CANADA EU $12 B1 $37 B1 CAPITALIZE ON THE GLOBAL CANNABIS ROW OPPORTUNITY $110 B1 1VIII Capital, Cannabis Sector, July 2017
AGILITY INNOVATION EXECUTION EXPANSION Talented, experienced management team driving the sector's fastest growth in customers, revenues and shareholder value 4
Agility Fastest Growing LP’s – Sales License to 650kg/quarter • Fastest ramp up, execution and sales growth achieved relative to other LP’s • Focused strategy aimed at capitalizing on vertical and horizontal integration opportunities internationally and domestically Source: SEDAR filings Aurora Active Registered Patients 25,000 20,000 20,000 16,000 15,000 13,100 12,000 10,000 7,700 5,000 3,000 0 310 0 Jan '16 Feb '16 May '16 Aug '16 Dec '16 Mar '17 Jun '17 Sep '17 Aurora Cannabis Inc. Management Presentation 5
Innovation Across all Operational Areas Establishing a world-leading brand, scale and efficiencies CUSTOMER CULTIVATION Strategic EXPERIENCE Partnerships CUSTOMER SERVICE AURORA SKY RADIENT TECHNOLOGIES • The Aurora Standard: • World’s largest and most technologically (Strategic Partnership, 17.23% interest) leading edge customer care advanced cannabis cultivation facility • Joint development of superior, • Only LP with mobile app for • Optimized for highest yield and lowest proprietary oil extraction process purchasing medical cost per gram produced • Faster, more efficient and higher cannabis AURORA VIE throughput • Same-day delivery in • Specialty strains • Better terpene preservation Calgary, Edmonton and surrounding areas • Yield-optimized indoor facility NamasteMD – exclusive white label use AURORA MOUNTAIN for CanvasRx • e-Commerce • First fully purpose-built indoor cannabis Micron Waste Technologies (9% • Product differentiation interest) – low-cost environmentally facility friendly treatment of organic waste Aurora Cannabis Inc. Management Presentation 6
Scale, Reach & Differentiation EXECUTION • Year on Year revenue growth 169% (Q1 2018/2017) • > $700 M pro-forma cash and marketable securities balance to fuel domestic and international expansion STRONG REVENUE GROWTH • Construction of industry-leading facilities on schedule • Pedanios acquisition - largest German distributor CAPITAL MARKETS PROGRESSION • BC Northern Lights and Urban Cultivator acquisitions – proprietary systems for indoor cultivation of cannabis and organic microgreens • H2 Biopharma acquisition – expansion in Quebec CAPITALIZATION • Cann Group investment - first Australian licensed cannabis company • Radient investment – superior extraction technology DOMESTIC EXPANSION • Hempco investment – ancillary product offerings and potential access to substantial supply of low-cost CBD • Namaste strategic supply, distribution and exclusive agreement to GLOBAL EXPANSION white label NamasteMD platform • Acquisition Larssen, formation ALPS, industry leading design and consulting operation HORIZONTAL INTEGRATION • Denmark – 51% in JV building Europe’s largest cannabis facility • Investment in TGOD – access to >20,000 kgpa premium organic cannabis and potential to benefit from financial performance TGOD • CannaRoyalty – access to drug delivery technologies 7
Domestic Expansion Positioned for rapid growth of medical and adult consumer markets Aurora Mountain one of only a few EU GMP Certified cannabis production facilities MOUNTAIN SKY VIE LACHUTE Footprint 55,000 800,000 40,000 48,000 (square footage) Status Operational Completion by mid- Completed and Completion Q1 $ 9.0+ Billion since 2015 2018 Licensed Nov 2017 calendar 2018 adult consumer market opportunity in First bays ready for First harvest planting Dec 2017 Jan/Feb 2017 Canada1 3.4 million Canadian marijuana users*** Capacity 4,800 kg/yr 100,000+ kg/yr 4,000+ kg/yr 4,500+ kg/yr Nationwide legalization Key features First purpose Highly automated, Technologically Nearly Potential for new product forms & devices built cannabis technologically advanced, completed, state- facility advanced cannabis specialty strains for of-the art facility $ 3.0 Billion facility for optimized premium products to be completed EU GMP yield and low cost and medical to EU GMP certified production built to EU research standards GMP standards. medical cannabis market opportunity in Completed to EU Located at Edmonton Canada1 GMP standards international airport for superior domestic and global distribution 8 1 VIII Capital, Cannabis Sector, July 2017 logistics
Strategic Partnership with TGOD – Further Capacity and Differentiation Through Premium Organic Products RAINWATER RESERVOIR • Aurora is completing a strategic ENERGY ROOM WASTE MANAGEMENT Ancaster facility investment in The Green Organic HST BUILDING 2 Dutchman (TGOD) SUPPORT AREA • Aurora will own 17.62% of TGOD, with option to increase interest to >50% BUILDING 1 Valleyfield facility • Agreement includes supply agreement, providing access to 20% of TGOD output from Ancaster and Valleyfield facilities MOTHER PLANT PROPAGATION VEGETATIVE FLOWERING Larssen Ltd GREENHOUSE ENGINEERING • TGOD is building 820,000 sqft ALPS- designed facility in Valleyfield, Quebec • TGOD is completing expansion of Adding > 20,000 kg p.a. existing Ancaster (On) facility to 150,000 in premium organic sqft cannabis product to • Will have >100,000 kg per annum Aurora portfolio production capacity Aurora Cannabis Inc. Management Presentation 9
Pedanios – Aurora’s Gateway to the EU Cannabis Market • Largest medical cannabis distributor in EU • EU GMP certified for import, release and distribution of cannabis • Currently servicing >2,000 pharmacies in Germany (exclusive suppliers of patients) • Access to single largest federally legalized medical cannabis market with population > 82 million • Broad insurance coverage for prescribed medical cannabis • Limited number of EU GMP certified international producers currently serving the German market • Cornerstone acquisition for European 82 million >400 million expansion strategy population Germany population EU • In phase 2 of tender process for German cultivation license 11
Aurora Nordic – Europe’s Largest Facility at 1,000,000 Square Feet Nordic focus wth • Aurora Nordic: 51/49 JV with Alfred option to export Pedersen, one of Europe’s largest greenhouse growers of vegetables to wider EU with (>100,000 kg per day) > 400 M people • Licensed to produce as of Jan 1, 2018 • To construct ALPS-designed high- technology facility • At 1,000,000 sqft, this will be largest cannabis facility in Europe JV Partner Recognized • Focused on Nordic countries and as one of Denmark’s export to rest of EU through Pedanios leading entrepreneurs • Built to EU GMP standards for export • Prior to facility being completed, JV has 82 million access to temporary greenhouse space population Germany for cultivation of cannabis 12
CANN GROUP: Australian Market Opportunity • 22.9% stake in Cann Group Ltd for AUSTRALIA $6.6 million (initial investment at AUS >24 million $0.30/share) • Significant appreciation of initial investment since listing population • Technical Services Agreement in place • Possession of one of the first two Licenses issued in Australia • Cultivation, Sales, and R&D licenses • 3 facilities contemplated • First harvest completed 330% return on investment Current • Australia is a new market with significant Shares bought Date Price Costs Price (Jan Current value (million) development potential 9, 2017) 25-Apr-17 21.6 0.31 6.696 3.6 77.76 08-Dec-17 7.2 2.42 17.424 3.6 25.92 TOTAL/Averag 28.8 0.8375 24.12 3.6 103.68 e Aurora Cannabis Inc. Management Presentation 13
Vertical Integration – Aurora Larssen Projects Ltd. (ALPS) • Formed following acquisition of Larssen Ltd. • Global leading greenhouse engineering and design consultancy • Responsible for Aurora Sky • Currently engaged by 15 cannabis companies globally, including 5 LPs • 30 year track-record delivering technologically advanced, yield-optimized greenhouse facilities for cannabis and other horticultural sectors • Tracking for $6M in Fiscal 2018 revenues Creating a Global Turnkey Cannabis Cultivation Powerhouse Aurora Cannabis Inc. Management Presentation 14
Horizontal Integration - Strategic Relationships Hempco Food and Fiber Investment Namaste • Potential future ownership > 50% • Leading e-Commerce supplier of cannabis vaporizers • Well-established, pioneer distributors of hemp products • Serves growing need for smokeless solutions and growing demand for ancillary products • Provides access to hemp – a large, low-cost and sustainable source of CBD to support • Promotes wider brand recognition in growing demand for cannabis products anticipation of legalization of the adult recreational market • Ancillary product offerings for horizontal integration - nutritional supplements and • Now also acting as third-party distributor for health-lifestyle products BCNL products • Exclusive white label use of NamasteMd by CanvasRx Aurora Cannabis Inc. Management Presentation 15
FINANCIAL SECTION 16
Operating Metrics and Assumptions AURORA MOUNTAIN: LACHUTE FACILITY • Consistent production at capacity during the last • Further exposure to underserved Quebec market two quarters with additional 4,500 kg/yr capacity and significant expansion potential • Continued production expected at 4,800 kg/yr • Facility to be completed to EU GMP standards • First harvest expected Q2 calendar 2018 AURORA SKY: • First bays ready for planting • First harvest and inventory build expected by April 2018 SALES PRICES: • Capacity of 100,000 + kg/yr expected by June 2019 • Sales prices in Canadian and Germany medical markets expected to remain steady for several years • Selling prices in Canadian adult consumer market VIE: may vary by province depending on distribution • Planting commenced November 2017 model • First harvest and sales expected early 2018 • Capacity of approx 4,000 kg/yr expected by early 2019 CASH PRODUCTION COST PER GRAM: • As Aurora Sky ramps up, ACB’s average cash production cost per gram expected to fall to below $1.00/g
Unit Economics Current Aurora Metrics Outlook Sales Price per Gram/Gram equivalent Sales price per gram/gram equivalent for dried Canada – CAD $9/g cannabis products expected to be stable with global demand exceeding supply. Europe - > € 8/g (~CAD11.80/g) Higher margin expected on concentrates and Cash cost to produce (Q1 2018) other derivative cannabis products. $1.73/g Cost per gram expected to decrease with automation, scale and yield expertise realized. Cash cost to sell (Q1 2018) $1.92/g Long term SG&A costs not expected to escalate at the same rapid pace of projected revenue and market growth given regulatory marketing restrictions and economies of scale. 18
Strong Revenue Growth Sequential Growth (%) 457.1% 151.7% 26.5% 33.2% 14.7% 39.0% Revenue ($M) $9.0 $8.2 169% $8.0 YoY growth for Q1 2018 $7.0 $5.9 $6.0 $5.2 $5.0 $3.9 $4.0 $3.1 $3.0 $2.0 $1.2 $1.0 $0.2 $0.0 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Aurora Cannabis Inc. Management Presentation 19
Continuously Improving Metrics Q1 2018 Q4 2017 Q3 2017 Q2 2017 # # # # Active registered patients (1) 19,280 16,400 13,110 12,200 Grams sold 889,965 755,059 653,008 538,045 Grams produced (2) 1,009,585 1,164,683 846,849 670,322 (In CDN $000’s unless otherwise noted) $ $ $ $ Average net selling price per gram 8.22 7.45 6.64 5.96 Cash cost of sales per gram 1.92 2.09 2.31 2.56 Cash cost to produce per gram 1.73 1.91 1.91 2.13 Cash and cash equivalents 127,915 159,796 111,116 55,846 Working capital 169,674 170,142 126,530 60,060 Aurora Cannabis Inc. Management Presentation 20
Value Creation Through Strategic Investments Shares Average Current Company invested in RoI bought price Value # $ $ % Radient Technologies 28.8 0.84 103.7 330 Cann Group 23.2 0.57 50.8 285 Hempco Food and Fiber 10.6 0.31 19.8 519 TOTAL $174.3 330% Exceptional investment track record Currently completing investment agreements with TGOD and Micron Waste Technologies Aurora Cannabis Inc. Management Presentation 21
OUR ASSETS 22
Aurora Mountain – First Large-Scale Purpose-Built EU GMP Certified Cannabis Facility 55,200 sq. ft. purpose-built, state of the art facility 7.7M sq. ft. of land available for facility expansion 4,800kg Current annual capacity Only Fully licensed producer in Alberta 13 Licensed grow rooms: 10 flower, 1 clone, 1 mother, 1 micro-propagation One Of the largest production facilities in Canada State of the art, scalable, EU GMP certified production facility
Aurora Sky Will Be the World’s Most Technologically Advanced And Largest Capacity Cannabis Facility ~800,000 square feet 100,000+ kg p.a. • World leading design & supply partners • First bays ready for planting • Highest-yielding greenhouse per kWh of energy consumed • World’s first facility located at international airport • Estimated capital cost $120 million • At full capacity, Aurora Sky is estimated to produce over 100,000 kg per year 24
Facility Features Aimed at Yield and Cost Optimization • Forced air, over pressurized with tailored filters on inlet/outlet • Sealed greenhouse enables energy conservation, minimizes disease pressure • Design supports unsurpassed light availability and penetration • Best-in-class uniform climate control throughout grow zones • Specialized irrigation system supports health, minimizes waste • Focus on optimized yield, quality, flavor/aroma • Fully integrated computer monitoring & control across entire life cycle • Mobile bench system and automated plant movement • Integrated visual monitoring systems to identify pests, disease and other problems • Harvest to dry provides small-batch quality with mass scale throughput • Custom process-flow supports production under strict GMP/GPP standards Aurora Cannabis Inc. Management Presentation 25
Optimal Logistics at Edmonton International Airport (EIA) AURORA SKY Advantages • Unparalleled access to transportation for domestic and international distribution of products servicing Aurora’s expanding footprint • Access to industrial infrastructure, power, water and gas • Federal security monitoring • Co-location with bonded warehousing and courier services • Edmonton has the lowest corporate tax rate in North America • Property taxes at the Edmonton International airport are approximately half of those charged in Edmonton Aurora Cannabis Inc. Management Presentation 26
Aurora Vie and Lachute Quebec facilities • Acquired Peloton Pharmaceuticals for $7 million • 40,000 square foot facility completed and first planting commenced November 2017 • Completed build-out and received license in November 2017, reflecting unparalleled execution in sector • Provides direct access to Quebec market • Provides operations base to target, and shortens supply lines to serve, Atlantic Provinces • Delivers additional supply • H2 Biopharma acquired December 2017 • Certain technologies proposed for Aurora Sky to • 48,000 sqft nearly completed facility be tested at Pointe-Claire facility • 4,500 kg/yr capacity • 46 acres expansion land under option to acquire for $136,000 Aurora Cannabis Inc. Management Presentation 27
OUR PRODUCTS 28
Aurora Dried Flower Products Recognized for High Quality WIDE RANGE OF HIGH-DEMAND PRODUCTS 24 Distinct Strains in Production ► Dried Bud and Oils 10+ Flagship Strains Differentiated by: ▪ THC%: < 1% – 32% (Highest reported in Canada) ▪ CBD%: < 0.5% – 20+% (Highest reported in Canada) ▪ Types: Indica, Sativa, Hybrid, Blend Sundance Ambition Sentinel 24 (Borealis Blend) (Blue Dream) (Cannatonic) Product Strains Launched to Date • Highest CBD Strain in Canada • Highest THC Strain in Canada 0 Pesticides and Gamma-irradiation ► Natural, Differentiated • Mid-range THC Strains • Balanced THC/CBD Strains $9 per Gram; $6/gram compassionate pricing The Aurora brand resonates with the Canadian Medical Cannabis Community and Adult Use Culture
Cannabis Oils – Sales & Continued Innovation • Sales license received January 2017 • Game-changing collaboration with Radient • Sales of four product lines • Proprietary technology with the potential for: commenced in April 2017 • Better Terpene preservation • Sales price - $95 per 30ml bottle • Significantly reduced extraction times (minutes vs ($65 compassionate pricing) hours for current benchmark) • Lower production costs • Higher active ingredient purity • Increased recovery of actives from scarce biomass • Utilization of significantly less energy and material inputs than current benchmark processes • Collaboration grants exclusivity related to the use of the technology in Canada Aurora Cannabis Inc. Management Presentation 30
Product Differentiation – Enabling The Homegrow Market Industry-leading grow boxes for the homegrow market Urban cultivators for microgreens for both the residential and commercial kitchen markets Endorsed by celebrities and corporations Aurora Cannabis Inc. Management Presentation 31
Hempco – New Products, New Markets, Low-Cost CBD Supply One of the world’s largest industrial producers of hemp products • Primary product lines: • Bulk and packaged food products (e.g. hemp protein powder, hemp seeds or hearts, hemp oil • Hemp fibre • Nutraceuticals • Animal feed supplement product line launched • Hemp contains significant amounts of Omega fatty acids with proven health benefits • Hempco’s line of packaged foods are sold under the brand “Planet Hemp” and are distributed globally in seven countries • Hemp is a potential source of CBD Health Canada proposals would allow for whole- plant utilization model, making hemp low-cost source of CBD material Aurora Cannabis Inc. Management Presentation 32
LEADERSHIP 33
Experienced Leadership Team Terry Booth Cam Battley Darryl Vleeming CEO Chief Corporate Officer Chief Information Officer CEO of 6 successful companies Deep experience in pharma and over 20 years of experience in 25 years experience in highly cannabis sectors Senior IT leadership, project regulated industries Board member Cannabis delivery, and IT strategic planning Canada at publicly traded international corporations, with a specific focus on driving business value. Steve Dobler Glen Ibbott President CFO Successful entrepreneur, member of Strong senior financial executive many public companies’ board of with deep life sciences sector directors. Responsible for raising experience substantial funds for Aurora Neil Belot Allan Cleiren Chief Global Business COO Development Officer Experienced operational Former executive director of executive with nearly three Cannabis Canada - Canada's trade decades leadership experience association for Licensed Producers at private and public companies Aurora Cannabis Inc. Management Presentation 34
Board of Directors Michael Singer Adam Szweras Diane Jang Chairman Partner, Fogler, Rubinoff LLP Experienced securities A business consultant, specializing in strategic CFO, Clementia lawyer. Founder of a US planning for sustainable Pharmaceuticals developer of marijuana success, growth and Former CFO, Bedrocan and hemp oil, and edible profitability, with over 27 Cannabis Corp. products. years of business experience in the Consumer Packaged Goods industry Steve Dobler Dr. Jason Dyck President, Aurora Professor, Department of Successful entrepreneur, Pediatrics and Director of member of many public Cardiovascular companies’ board of Research Centre, directors. Responsible for University of Alberta raising substantial funds for Aurora Joseph del Moral Terry Booth President, CanvasRx CEO, Aurora Experienced executive in CEO of 6 successful regulated industries companies Exited last company to Just 25 years experience Energy (JE.TO) in highly regulated industries Aurora Cannabis Inc. Management Presentation 35
HIGHLIGHTS SCALE • Upon completion, five facilities • ~ 200,000 kg per annum production capacity1 • Technologically most advanced facilities => ultra low cost of production • Global reach • Pedanios - Germany & EU Fastest patient sign up • Cann Group – Australia rate in industry • Aurora Nordic - Denmark Scale to service both INNOVATION rapidly growing medical market and seize • Disruptive extraction technology legalization opportunity • First mobile app for ordering medical cannabis • Customer care: same day delivery in two metropolitan areas Extremely well capitalized to pursue global DIFFERENTIATION expansion opportunity • High quality products • BC Northern Lights & Urban Cultivator: addressing home grow and micro green markets • Hempco Food & Fiber: new products, new health life- style markets, low-cost source of CBD materia 1 prorated for 51% interest in Aurora Nordic and 17% interest in TGOD 36 • Namaste partnership delivering product differentiation
AGILITY INNOVATION EXECUTION EXPANSION Talented, experienced management team driving the sector's fastest growth in customers, revenues and shareholder value 37
Aurora Information Established ~500 Employees Head Office 2013 7 Directors 1500 -1199 West Hastings St. Vancouver, BC V6E 3T5 TSX: OTCQX: ACB ACBFF Aurora Cannabis Inc. Management Presentation 38
Capital Summary January 8, 2018 TSX listed, ticker symbol ACB Securities Market Cap - Basic Issued & Outstanding Shares 470,194,953 $6.5 Billion Options 21,580,724 Warrants 11,037,886 Share Price - Restricted stock units 2,000,000 January 8, 2018 Convertible debentures shares $13.89 17,692,308 reserved for issuance Fully Diluted 522,505,871 Strong balance sheet with pro-forma Cash and Marketable Securities Balance Aurora Cannabis Inc. Management Presentation 39 > $700 million
Contact Information Cam Battley Marc Lakmaaker, Director IR & Chief Corporate Officer Corporate Development +1 (905) 878-5525 +1 (647) 269-5523 cam@auroramj.com Marc.lakmaaker@auroramj.com 40
You can also read