Aurora Cannabis delays release of year-end report
By MEDICINE HAT NEWS on September 23, 2021.
https://www.medicinehatnews.com@MedicineHatNews Aurora Cannabis has delayed the release of its year-end financial report, originally due on Tuesday, to the end of September. Local interest in the report is high as the company is soliciting offers to lease out or sell the partially complete Aurora Sun cannabis production facility in northwest Medicine Hat. That proposal, handled by international real estate firm Colliers, began last winter with Aurora stating an intention to evaluate proposals this summer. Work on the 1.6-million-square-foot growing and initial processing facility was halted in 2020 after the company announced it would realign production volume to sales volume and concentrate growing in one-quarter of its facility in Leduc. More recently the City of Medicine Hat’s economic development office has released analysis of the deal cut between city officials and the Edmonton-based cannabis company that saw $6 million in waived development fees and a major utility deal signed in early 2018. Invest Medicine Hat officials state the facility – operating or not – has increased the property tax base, and the tax bill could triple to $3.3 million annually if the building is completed or put to a new purpose. Aurora’s fourth-quarter report will be released after the stock markets close on Sept. 27. 8-7
