Aurora Hashish Inc. says it has closed the sale of its Aurora Polaris facility.
The corporate says the gross proceeds from the sale totaled about $15 million.
Aurora introduced in 2021 that it might shut the Alberta property as a part of a plan to streamline its operations.
On the time, it mentioned the placement’s medical distribution operations would transfer to the Aurora Sky facility, whereas manufacturing could be moved to Aurora River in Bradford, Ont.
The corporate mentioned its steadiness sheet stays in a web money place, with about $320 million of money and money equivalents that embody about $63 million of restricted money.
Aurora additionally reiterated its expectation to attain profitability primarily based on adjusted earnings earlier than curiosity, taxes, depreciation and amortization for the quarter ending December 31, 2022.
