Aurora Cannabis Inc (OTCMKTS:ACBFF) is back in the news this week as they snatched up a sizeable chunk of private cannabis company. ACBFF bought 17.6% of grower Green Organic Dutchman for $44 million. The growing Canadian cannabis behemoth can purchase up to 33%

This is the second notable deal for ACBFF recently. Aurora also bought a Danish tomato and pepper producer to grow and cell cannabis in Europe. This is all while ACBFF waits on CanniMed shareholders. Courts ruled in favor of Aurora and said that their bit to take over CanniMed was not an “insider bid” and now shareholders can decide if the opportunity is right. The bid is at a 57% premium and allows them to jump on ACBFF’s staggering growth. Since the announcement of the possible takeover, ACBFF’s stock has soared over 100%.

Aurora Cannabis Inc (OTCMKTS:ACBFF) is a licensed producer of medical marijuana pursuant to the Marijuana for Medical Purposes Regulations and operates a 55,200 square foot expandable state-of-the-art production facility in Alberta, Canada.

ACBFF’s wholly-owned subsidiary, Australis Capital Inc., seeks to be an active participant in the U.S. Cannabis market. Aurora is trading on the Canadian Securities Exchange under the trading symbol “ACB”. The company is headquartered in Vancouver, Canada.

According to company’s materials, “Aurora’s wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, is currently constructing a second 800,000 square foot production facility, known as “Aurora Sky”, at the Edmonton International Airport, and has acquired, and is undertaking completion of a third 40,000 square foot production facility in Pointe-Claire, Quebec, on Montreal’s West Island.

In addition, the Company holds approximately 9.6% of the issued shares (12.9% on a fully-diluted basis) in leading extraction technology company Radient Technologies Inc., based in Edmonton, and is in the process of completing an investment in Edmonton-based Hempco Food and Fiber for an ownership stake of up to 50.1%. Furthermore, Aurora is the cornerstone investor with a 19.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis. Aurora also owns Pedanios, a leading wholesale importer, exporter, and distributor of medical cannabis in the European Union (“EU”), based in Germany.”

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ACBFF is in a race to grow against Aphria and Canopy Growth. All three of these companies represent the core cannabis companies in Canada and will continue to swallow up smaller players in the upcoming months as country-wide legalization looms.

Either way, ACBFF is marching ahead with enormous plans.

Currently, ACBFF operates a 55,200 sq/ft facility in Mountain View County, Alberta, where there is another 7.7 million sq/ft available on the plot of land for future expansion. One benefit to operating in Alberta in comparison to other provinces is their low energy and tax costs.

Alongside the operations in Mountain View County, Aurora is currently working on the completion two additional facilities in Canada. The first location is in Edmonton, Alberta, which is an 800,000 sq/ft production site that is located at the Edmonton International Airport. This location is ideal as Alberta has low energy and tax costs, as well as the ability to transport the product with low cost due to close proximity to a major Canadian airport. This facility is expected to reach full production capacity by late 2018 after legalization. This facility is currently in operations, however as already stated, the construction is not completed. This location is estimated to produce 100,000 kilograms per year.

Now commanding a market cap of $5.6B, ACBFF is pulling in trailing 12-month revenues of $23.2M. The race to legalization and the fight for land and market share is picking up. ACBFF is making serious moves and if the CanniMed deal gets done, then this baby is going higher. Sign-up for continuing coverage on shares of $ACBFF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $ACBFF, either long or short, and we have not been compensated for this article.