Aurora Cannabis Begins Outsourcing Manufacturing With Initial Valens Company Agreement

Aurora Cannabis (TSX: ACB) appears to be in the process of changing its business model. The company this morning, despite its capacities, announced a manufacturing agreement with The Valens Company (TSX: VLNS).

The arrangement will see Valens manufacturer a seasonal offering for the company, which is said to be a mint product that will be sold under the Drift Turbo brand. The agreement, following the success of this initial product, will then expand to additional products in the coming months.

The move to outsource manufacturing, even at this size, signals a change in processes at Aurora, whom historically has done production of its products in house via its numerous facilities. Commenting on the move, Miguel Martin, Aurora’s CEO, commented that the “strategic relationship is designed to unlock efficiencies as we seek to bring innovation to market with speed and differentiation that connects with consumers.”

The transition to having seasonal offerings is also believed to be a first for the company, with the company planning a number of holiday themed products for the end of the year. The firm revealed it will also have a cranberry sauce-flavoured vape pen available for consumers next month for a limited time.

Aurora Cannabis last traded at $8.43 on the TSX.


Information for this briefing was found via Sedar and Aurora Cannabis. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

Valens Company Posts Q3 Revenues Of $21.0 Million, Net Loss

The Valens Company (TSX: VLNS) last night released its third quarter financial results. The firm...

Thursday, October 14, 2021, 09:12:33 AM

Aurora Cannabis Sees Share Price Slide as Early Debt Conversion Looms

Aurora Cannabis (TSX: ACB) (NYSE: ACB) has experienced a sell off in morning trading following...

Monday, November 18, 2019, 12:13:47 PM

Valens: Canaccord Lowers Price Target To $3.75

Earlier this month, The Valens Company (TSX: VLNS) reported their fiscal third-quarter financial results. The...

Sunday, October 31, 2021, 10:10:00 AM

Cronos Group Licenses IP From Aurora Cannabis, 22nd Century Group Related To Biosynthesis

Aurora Cannabis (TSX:ACB) has reportedly entered into a licensing arrangement with 22nd Century Group (NASDAQ:...

Wednesday, December 15, 2021, 09:21:00 AM

Valens: Haywood Reiterates Price Target, Raises Estimates

On June 1st, The Valens Company (TSX: VLNS) announced that they closed their C$40 million...

Sunday, June 6, 2021, 01:38:00 PM