Aurora Cannabis’ Terry Booth on the impact of the Allard decision and the election on the Marihuana Industry
September 22, 2015 — In a special InvestorIntel interview, Publisher Tracy Weslosky, speaks with Terry Booth, President, CEO and Director of Aurora Cannabis Inc. (CSE: ACB | OTCQB: ACBFF) on the two new Board members and securing the former executive director of the CMCIA for the Aurora management team. They also discuss how Aurora is positioned as rising leaders in the marihuana sector and what the Allard decision and elections will mean to the overall industry.
Tracy Weslosky: Terry I noticed you had a big corporate update, but I also noticed that you keep attracting some of the leaders in the industry, a new brand manager, a couple of new board members. Can you tell us just a little bit more about this?
Terry Booth: Adam Szweras joins us, Chuck Rifici, ex-CEO of Tweed and Neil Belot, he was an executive director of the CMCIA, association of LPs in Canada. Quite happy with the team we’re assembling.
Tracy Weslosky: Well, I think there’s a lot of other companies looking at you because you seem to be attracting all the best and brightest. Could that be your personality or does it have to do with the actual story, which I’m assuming it does?
Terry Booth: I’d like to say it’s the personality, but it’s not. It’s the team we’ve assembled, it’s the facility that we’ve built and I think it’s the corporate vision that we have.
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Tracy Weslosky: And, of course, all of you out there who may not be familiar with Aurora Cannabis, can you just step back and give us an overview as you were one of the first facilities in Canada?
Terry Booth: Yes. We’re one of 26, I believe, licensed producers in the country out of 1,400 applicants. The facility itself is over 55,000 square feet. It’s in a very tax friendly jurisdiction in Alberta. We’re the very first facility in Canada built brand new from the ground up. We’re ready to roll. We’ve got a license to produce. We’ve pulled over seven harvests in to our vault and looking forward to the sales.
Tracy Weslosky: It’s my understanding that you have some competitive advantages to this processing facility. Would you mind telling us what those are?
Terry Booth: Sure. Well, building brand new, the flow of the facility itself is built for growing cannabis. There’s tax advantages in Alberta with its corporate tax rates. We hope that remains the same. We’re in a rural location in Alberta. We don’t pay for our water, its mountain fed. There’s farm tax credits in Alberta that a lot of provinces don’t have and our power rates are the second lowest in the country and the lowest in the country when we get our discounts for deregulation.
Tracy Weslosky: Of course, there’s a lot happening in the marijuana sector in Canada right now. We have a major election and we also have the Allard decision. Can you give us some insight into both of these events?
Terry Booth: On the election front both the opposing candidates have said they’ll either decriminalize or legalize it. Either way the existing government is who we’re answering to now. If it changes then it will only be good for us and we’re poised to take on any increase in market. With respect to the Allard decision…to access the rest of the interview, click here
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Tracy Weslosky is the CEO of InvestorIntel Corp., a company formed to provide investor relations in 2001 that today now provides online media marketing, social ... <Read more about Tracy Weslosky>