MJ Biz reports
Canadian producer Aurora Cannabis is closing its remaining facility in Denmark and moving production to Canada in a bid to lower costs.
Edmonton, Alberta-based Aurora said it had been leasing the facility.
The move comes over one year after the company sold its Nordic Sky facility in Odense, Denmark, for roughly 7.5 million Canadian dollars ($5 million) on March 15, 2022.
That sale resulted in a loss of disposal of CA$1.3 million.
The sold facility “refers to a planned second facility in Denmark that the company did not proceed with opening due to the changes in the market,” a company spokesperson told MJBizDaily.
“This is not a reflection of our European business, as our business there remains strong with healthy margins and growth prospects,” the spokesperson said via email.
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https://mjbizdaily.com/aurora-cannabis-closing-production-facility-in-denmark/
