Yesterday, Aurora Cannabis Inc. (OTC:ACBFF) (TSXV:ACB) announced that they have broken ground on a massive hybrid cannabis production greenhouse facility. When we say massive, we mean massive at a projected 800,000 square feet. That is larger than 16 football fields, and is equivalent to approximately 18.37 acres. The facility will be situated on an even larger 30 acre parcel of leased land in Leduc County, Alberta, Canada.
The facility is being aptly named "Aurora Sky." At such a massive scale, one would expect the facility to cost a fortune. However, due to the chosen hybrid greenhouse design with a modular building process will lead to a quick build time and reduced costs. Additionally, Aurora management believes that this design and automation "will provide for ultra-low per-gram cost of production." Aurora believes that the Aurora Sky facility will be built by October of 2017.
The Aurora Sky facility will be in addition to Aurora's existing 55,200 square foot cannabis production facility. This will allow for a marijuana production increase of over 8X.
For more information and recent news on Aurora Cannabis, be sure to check out their stock profile in our TSXV Listed Marijuana Stocks Database. To read Aurora's press release regarding the new construction click here.