Aurora Builds on a Decade of Global Leadership in Plant Genetics with the Launch of Occo
Genetics and licensingbusinesswill be led by new hire, CaseyWhelan, VP, Genetics Business Development
EDMONTON, AB, Nov. 16, 2021 /PRNewswire/ - Aurora Cannabis Inc.(the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadiancompany defining the future of cannabinoids worldwide, todayannounced the naming of the Company's new genetics licensingbusiness unit – Occo – a leading innovator in the scientificdiscovery and commercial advancement of novel cannabis cultivars,backed by Aurora's state-of-the-art breeding and genetics facilityin Comox, British Columbia.
Occo, derived from the Latin word for 'tilling of the field,'refers to the brand's reverence for the cannabis plant, and itsmission to support the people who grow and consume it. With thelargest catalogue of high-quality genetics available for licensingin Canada, Occo is aptlypositioned to reach its goals of further developing the scientificunderstanding of cannabis, commercializing high-quality products,providing value for cannabis growers, and helping to realize thefull potential of the cannabis plant.
"As a business fueled by science, we firmly believe thatinvesting in cannabis research and development and the commercialapplication of unique technologies, including biosynthesis, isAurora's true differentiator and will define the future of theindustry," says Charles Pick, SeniorVice President of Science & Innovation at Aurora Cannabis."Under the Occo umbrella, licensed producers will be granted accessto a strong pipeline of novel cultivars and innovative traits thatwill meet the evolving expectations of consumers. Occo already hasmore than 30 high-quality cultivars, not available anywhere else onthe market, that are ready for immediate trial and exclusivelicensing."
Occo has seen early success, having already commercialized anumber of new cultivars with licensed producers (LPs), includingNorth 40's Farm Gas, as well as three cultivars recentlylaunched under Aurora's San Rafael '71 brand (Lemon Rocket,Stonefruit Sunset and Driftwood Diesel).
"As a micro-producer with a long background in cultivation, Ifocus on quality over quantity and really look for unique strainsthat give consumers what they want," said Gord Nichol, owner ofNorth 40 Cannabis. "My experience with Aurora was genuinelypositive. We've grown two cultivars so far, Farm Gas andSourdough, and both have been impressive in terms of THClevels and terps. It was a relief to bring the fire to market again– this likely saved my business."
Occo will be based out of Aurora's Coast research anddevelopment hub – one of the largest and most advanced facilitiesfor cannabis breeding and genetics in the world. The team includesan unmatched group of experts in genomics, biotechnology,pathology, tissue culture, analytics and testing, medical affairs,and product development.
New to the team is Casey Whelan,Vice President of Genetics Business Development, who will leadOcco's efforts to license genetics to LPs in Canada and around the world. A lawyer bytraining, Casey joins Occo after spending a decade in breeding andlicensing premium agricultural products.
For more information on Occo, visit www.occoinnovation.com orfollow along on Instagram and LinkedIn.
About Occo:
Occo is shaping the future of growingcannabis by innovating and improving cannabis crops to be morecustomer-focused, sustainable, and profitable. With nearly a decadeof global leadership in cannabis breeding and genetics, Occo isdeveloping the next generation of new and novel cultivars withimproved potency, terpenes, flowers, plant architecture, maturity,yield and disease resistance. Occo has the largest catalogue ofexclusive cannabis genetics in Canada, available for trial and use bylicensed producers. A division of Aurora, Occo is building abright future for the cannabis industry. Learn more atwww.occoinnovation.com and follow along on Instagram andLinkedIn.
About Aurora:
Aurora is a global leader in thecannabis industry, serving both the medical and consumer markets.Headquartered in Edmonton,Alberta, Aurora is a pioneer in global cannabis dedicated tohelping people improve their lives. The Company's brand portfolioincludes Aurora, Aurora Drift, San Rafael '71, Daily Special,MedReleaf, CanniMed, Whistler, Reliva and KG7 CBD. Driven byscience and innovation, and with a focus on high-quality cannabisproducts, Aurora's brands continue to break through as industryleaders in the medical, performance, wellness and adultrecreational markets wherever they are launched. Learn more atwww.auroramj.comand follow us on Twitter and LinkedIn.
Aurora's common shares trade on the TSXandNASDAQunder the symbol "ACB" and is a constituent ofthe S&P/TSX Composite Index.
Forward-looking Information
This news release includes statements containing certain"forward-looking information" within the meaning of applicablesecurities law ("forward-looking statements"). Forward-lookingstatements are frequently characterized by words such as "plan","continue", "expect", "project", "intend", "believe", "anticipate","estimate", "may", "will", "potential", "proposed" and othersimilar words, or statements that certain events or conditions"may" or "will" occur. Forward-lookingstatements madeinthis news release include, but are not limited to, statementsregardingthe launch and leadership of the Company's scienceand innovation business unit, the Company's competitive advantagesand strengths in plant science and innovation, the licensing ofgenetics to other licensed producers including the expectedassociated impact on the Company's business and overall industry,and the creation of value for cannabis growers.
These forward-looking statements are only predictions. Forwardlooking information or statements contained in this news releasehave been developed based on assumptions management considers to bereasonable. Material factors or assumptions involved indeveloping forward-looking statements include, without limitation,publicly available information from governmental sources as well asfrom market research and industry analysis and on assumptions basedon data and knowledge of this industry which the Company believesto be reasonable. Forward-looking statements are subject to avariety of risks, uncertainties and other factors that managementbelieves to be relevant and reasonable in the circ*mstances couldcause actual events, results, level of activity, performance,prospects, opportunities or achievements to differ materially fromthose projected in the forward-looking statements. These risksinclude, but are not limited to, the ability to retain keypersonnel, the ability to continue investing in infrastructure tosupport growth, the ability to obtain financing on acceptableterms, the continued quality of our products, customer experienceand retention, the development of third party government andnon-government consumer sales channels, management'sestimates of consumer demand in Canada and in jurisdictions where the Companyexports, expectations of future results and expenses, the risk ofsuccessful integration of acquired business and operations,management's estimation that SG&A will grow only in proportionof revenue growth, the ability to expand and maintain distributioncapabilities, the impact of competition, the general impact offinancial market conditions, the yield from cannabis growingoperations, product demand, changes in prices of requiredcommodities, competition, and the possibility for changes in laws,rules, and regulations in the industry, epidemics, pandemics orother public health crises, including the current outbreak ofCOVID-19, and other risks, uncertainties and factors set out underthe heading "Risk Factors" in the Company's annual information formdated September 27, 2021 (the "AIF")and filed with Canadian securities regulators available on theCompany's issuer profile on SEDAR at www.sedar.comand filedwith and available on the SEC's website at www.sec.gov. The Companycautions that the list of risks, uncertainties and other factorsdescribed in the AIF is not exhaustive and other factors could alsoadversely affect its results. Readers are urged to consider therisks, uncertainties and assumptions carefully in evaluating theforward-looking statements and are cautioned not to place unduereliance on such information. The Company is under no obligation,and expressly disclaims any intention or obligation, to update orrevise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as expresslyrequired by applicable securities law.
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\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0...","one_line_short_text":" Aurora Partners with Script Assist to Provide Better Access to UK Medical Cannabis\nPR Newswire\nEDMONTON, AB, Feb. 28, 2024 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0...","link":"https:\/\/ih.advfn.com\/stock-market\/NASDAQ\/aurora-cannabis-ACB\/stock-news\/93377832\/aurora-partners-with-script-assist-to-provide-bett","source":"PR Newswire (US)","source_logo":"\/common\/images\/news-sources\/prnus.png","tags":[],"timestamp":1709122380,"date":"Wed Feb 28, 2024 ","time":"7:13 AM (2 months ago)","full_date":"February 28, 2024 7:13 AM","post_time":"February 28 2024","article_id":93377832,"source_id":"prnus","media_url":null,"press_release":true},{"headline":"Aurora Partners with Script Assist to Provide Better Access to UK Medical Cannabis","short_text":" Aurora Partners with Script Assist to Provide Better Access to UK Medical Cannabis\nCanada NewsWire\nEDMONTON, AB, Feb. 28, 2024 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0...","one_line_short_text":" Aurora Partners with Script Assist to Provide Better Access to UK Medical Cannabis\nCanada NewsWire\nEDMONTON, AB, Feb. 28, 2024 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0...","link":"https:\/\/ih.advfn.com\/stock-market\/NASDAQ\/aurora-cannabis-ACB\/stock-news\/93377807\/aurora-partners-with-script-assist-to-provide-bett","source":"PR Newswire (Canada)","source_logo":"\/common\/images\/news-sources\/prnca.png","tags":[],"timestamp":1709122260,"date":"Wed Feb 28, 2024 ","time":"7:11 AM (2 months ago)","full_date":"February 28, 2024 7:11 AM","post_time":"February 28 2024","article_id":93377807,"source_id":"prnca","media_url":null,"press_release":false},{"headline":"Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NASDAQ\/aurora-cannabis-ACB\/stock-news\/93316752\/form-6-k-report-of-foreign-issuer-rules-13a-16","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1708432590,"date":"Tue Feb 20, 2024 ","time":"7:36 AM (2 months ago)","full_date":"February 20, 2024 7:36 AM","post_time":"February 20 2024","article_id":93316752,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"Aurora Cannabis Announces CFO Transition and Completion of Previously Announced Share Consolidation","short_text":" Aurora Cannabis Announces CFO Transition and Completion of Previously Announced Share Consolidation\nPR Newswire\nEDMONTON, AB, Feb. 20, 2024 NASDAQ\u00a0|\u00a0TSX:\u00a0ACB\nEDMONTON, AB, Feb. 20, 2024...","one_line_short_text":" Aurora Cannabis Announces CFO Transition and Completion of Previously Announced Share Consolidation\nPR Newswire\nEDMONTON, AB, Feb. 20, 2024...","link":"https:\/\/ih.advfn.com\/stock-market\/NASDAQ\/aurora-cannabis-ACB\/stock-news\/93316440\/aurora-cannabis-announces-cfo-transition-and-compl","source":"PR Newswire (US)","source_logo":"\/common\/images\/news-sources\/prnus.png","tags":[],"timestamp":1708430400,"date":"Tue Feb 20, 2024 ","time":"7:00 AM (2 months ago)","full_date":"February 20, 2024 7:00 AM","post_time":"February 20 2024","article_id":93316440,"source_id":"prnus","media_url":null,"press_release":true}],"Preferred Contributors": ""}},created: function () {this.loaded = true;Vue.nextTick(function(){});}});});
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