Aurora Cannabis Inc. Ambitious plans could send the stock flying.
The Aurora Sky facility is set to increase capacity by 10 times, and if the project is a success, the company could be a huge disruptor in the marijuana space. Canopy has been the go-to marijuana stock in the Canadian market, but this could easily change once Aurora’s Sky project is up and running.
The massive greenhouse would have the capacity to produce over 100,000 kilograms of dried marijuana per year.
The Aurora Sky initiative is definitely one of the more promising growth prospects in the marijuana scene today. The management team is extremely ambitious and believes its greenhouse will be the most advanced marijuana production facility in the world.
The company claims to be an “ultra-low-cost producer” with the fastest client-book growth, but it’s way too early in the game to be making such claims at every conference call.
When the Aurora Sky project is complete, it is expected that the cost per gram will drop significantly, and when combined with the massive capacity increase, the initiative could be enough to propel Aurora over Canopy and Aphria.
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