Aurora Cannabis Strengthens Supply Chain Through New Agreement with SNDL
Aurora Cannabis Strengthens Supply Chain Through New Agreement with SNDL
Aurora Cannabis Inc., a leading global player in the medical cannabis market based in Canada, has officially announced a new strategic supply agreement with SNDL Inc. This partnership aims to enhance their existing supply chain relationship, focusing on the provision of premium cannabis flower products grown by SNDL in their modern indoor facility located in Atholville, New Brunswick.
Details of the Agreement
This agreement, effective for a term of three years, includes an option for extension and is valued at approximately $27 million. Both companies have previously enjoyed a successful collaboration in the manufacturing of a diverse range of cannabis products. According to Miguel Martin, the Executive Chairman and CEO of Aurora Cannabis, this agreement reflects the company’s commitment to maintaining a balanced operational approach that integrates both in-house and third-party cultivation.
"Following our strong third-quarter performance driven by record-setting growth in our international medical cannabis segment, Aurora remains focused on a balanced approach to operating a hybrid manufacturing network of in-house and third-party cultivation. We value our relationship with SNDL and their shared commitment to cultivation excellence," said Martin.
Zach George, the CEO of SNDL, echoed this sentiment, stating that SNDL is well-positioned as a top supplier of high-quality cannabis products to commercial partners like Aurora. He emphasized the mutual dedication to quality and cultivation excellence, setting the stage for further expansion of their collaborative relationship.
About Aurora Cannabis
Founded with the mission of opening the world to cannabis, Aurora operates across medical and consumer markets in Canada, Europe, and Australia. The company is headquartered in Edmonton, Alberta, and is recognized as a pioneer within the global cannabis industry. Aurora’s product range is diverse, featuring adult-use brands including Aurora Drift, San Rafael '71, Daily Special, and Tasty's, alongside renowned medical cannabis brands such as MedReleaf and CanniMed.
Aurora is driven by science and innovation, continually striving to deliver high-quality cannabis products. The company holds a controlling interest in Bevo Farms Ltd., North America's leading supplier of propagated agricultural plants, enhancing its capability to meet growing consumer demands.
With brands recognized for leadership in medical, wellness, and recreational markets, Aurora has established a strong foothold in the cannabis industry. More information about their offerings can be found on their official website, www.auroramj.com, or by following them on X and LinkedIn.
As the cannabis market continues to evolve, partnerships like the one between Aurora and SNDL are becoming increasingly significant. These collaborations ensure a secure supply chain, crucial for meeting the growing consumer demand for quality cannabis products while maintaining operational efficiency.
Future Outlook
Looking ahead, both companies are optimistic about the partnership's potential to drive innovation and product development in the cannabis sector. The forward-looking statements made by both Aurora and SNDL underline their commitment to navigating the evolving landscape of the cannabis industry with confidence and strategic foresight.
As the demand for cannabis products rises globally, agreements like these will be instrumental in ensuring that major players in the market can deliver high-quality products consistently. Aurora Cannabis aims to remain at the forefront of the industry, and this strategic supply agreement with SNDL marks another step towards solidifying that ambition.
Topics Consumer Products & Retail）
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