Oil extraction is becoming a strength for Aurora Cannabis (TSXV:ACB), says Canaccord Genuity analyst Neil Maruoka.
This morning, Aurora Cannabis and Radient Technologies announced what it described as positive results from a research joint venture into extraction. The companies say the results have led them to pursue commercialization.
“These results clearly validate the game-changing nature of Radient’s technology for the cannabis sector,” said Aurora CEO Terry Booth. “The ability to produce high-purity concentrates at very high throughputs, while preserving terpene profiles, will provide a substantial competitive advantage for us in addressing the high-growth concentrates market. We see a number of factors that will require a significant expansion of production capacity for extracts, including our own expanding national and international footprint, the continued strong growth of the medical market in Canada, Germany and Australia, and the commencement of Canadian adult usage sales