Aurora cannabis announces sale of polaris facility - balance sheet remains among strongest in industry

Nasdaq | tsx: acb edmonton, ab , jan. 4, 2023 /prnewswire/ - aurora cannabis inc. (the "company" or "aurora") (nasdaq: acb) (tsx: acb), the canadian company defining the future of cannabinoids worldwide, announced today that the company has closed the sale of its aurora polaris facility for gross proceeds of approximately $15 million, previously announced to be closing under the company's ongoing transformation program. aurora's balance sheet remains in a net cash position, with approximately $320 million of cash and cash equivalents (including approximately $63 million of restricted cash) inclusive of the transaction announced today, and the company reiterates its expectation of achieving adjusted ebitda profitability for the quarter ending december 31, 2022.
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