Aurora inks supply deal with Ascent Industries

Up to 20,000 kilograms of dried cannabis flowers to be delivered to Aurora per year
Grow Opportunity staff
June 11, 2018
By Grow Opportunity staff
Aurora Cannabis Inc. has signed a cannabis flower and trim supply agreement with Ascent Industries' wholly-owned subsidiary, Agrima Botanicals Corp., a licensed producer of medical cannabis under the Health Canada's Access to Cannabis for Medical Purposes Regulations.

Under the terms of the agreement, Agrima will supply Aurora with up to 20,000 kilograms of dried cannabis flower and up to 6,000 kilograms of cannabis trim per year from its Canadian cultivation facilities. The Agreement is effective for a term of five years, subject to a 12,000-kg-per-year minimum.

"The agreement with Ascent brings further differentiation to Aurora's growing portfolio of products," said Terry Booth, CEO. "Expanding product choice to our various audiences through quality operators such as Agrima positions us well to accelerate growth. Furthermore, the relationship provides an opportunity to potentially source additional, higher-margin derivative products down the line."

Philip Campbell, CEO and director of Ascent added, "We are delighted to be selected as a supplier to Aurora, a leader in the global cannabis sector. Agrima is committed to providing high-quality cannabis to both consumers and strategic partners, which this new agreement is testament to. We believe this represents the beginning of a strong strategic relationship with Aurora, one which will benefit both companies for years to come."

Ascent's wholly-owned subsidiary, Agrima will supply Aurora with dried cannabis flower and trim grown at its facilities in Pitt Meadows, British Columbia. Once operational, the 600,000-square-foot, automated cultivation facility will have a total cultivation capacity of approximately 60,000 kgs of cut flower per year. Agrima anticipates receiving Health Canada approval toward the end of 2018, and anticipates shipping its first products in the first quarter of 2019.
Grow Opportunity

Stay in-the-know on innovative ways to manage your cannabis business, and grow better. Subscribe to our weekly eNewsletter and be the first to hear what’s new in this fast growing industry.

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Most Popular

Latest Events

Wed Jun 12, 2019
Grower Day
Tue Jun 18, 2019

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.