Aurora Cannabis Inc..
ACB.US | Growing of other non-perennial crops
Aurora Cannabis Inc. is a Canadian-based cannabis company that cultivates and sells cannabis products. The company operates through a network of licensed production facilities and focuses on both the medical and recreational cannabis markets. Aurora's product portfolio includes dried cannabis, canna...Show More
Better Health for All
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Aurora Cannabis sells cannabis products for both medical and recreational markets. The company faces a class-action lawsuit alleging insufficient warnings about Cannabinoid Hyperemesis Syndrome (CHS), indicating significant undisclosed risks and a notable safety incident.
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Additionally, approximately 2,180 units of cannabis products were recalled between December 2018 and January 2019 due to incorrect labeling, which led to one adverse reaction report.
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Despite the addiction potential of cannabis products, there is no evidence of efforts to reduce addiction or support recovery. On the other hand, the company funds a three-year research project with Mitacs to study the health and economic outcomes of cannabis-based therapies in 29,000 Canadian patients, including side effects and adverse events.
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Aurora also offers various discount programs for medical cannabis, such as a 30% discount for patients earning up to $60,000 CAD, a 40% discount for first responders, and discounts for seniors, veterans, and pediatric patients, and operates in 13 countries to increase patient access.
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The company does not hold healthcare-related patents or intellectual property, and the nutrition and food safety KPI is not applicable.
Fair Money & Economic Opportunity
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Aurora Cannabis Inc. operates in cannabis cultivation and sales, and forest management. The company does not engage in activities that lend, insure, move, or store money, nor does it offer financial products or services to consumers. Therefore, all Key Performance Indicators (KPIs) related to 'Fair Money & Economic Opportunity' are not applicable to its core business model. While Aurora offers a compassionate pricing program for medical cannabis, providing discounts to patients based on income (up to $60,000 CAD annually), disability, age, or profession, this initiative relates to product affordability rather than financial services or inclusion as defined by the rubric's KPIs.
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Similarly, philanthropic activities like the TFG Foundation's initial $4 million gift
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or donations to disaster relief are not considered community finance reinvestment under the KPI definitions.
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Fair Pay & Worker Respect
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Agricultural workers at Aurora Cannabis Enterprises Inc. in Ontario have never concluded a legally enforceable collective agreement.
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The company was involved in legal challenges concerning agricultural workers' rights to strike and collective bargaining, which are described as facing systemic oppression.
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Fair Trade & Ethical Sourcing
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No information relevant to fair trade and ethical sourcing metrics, such as fair trade certification, audit frequency, forced labor incidents, supply chain traceability, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend, was found in the provided article. The article focuses on product testing and regulatory compliance related to product safety.
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Honest & Fair Business
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Aurora Cannabis Inc. settled a securities class action lawsuit for $8.05 million.
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The lawsuit alleged misrepresentations and omissions regarding the company's business and prospects between October 23, 2018, and February 28, 2020.
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A settlement hearing is scheduled for January 28, 2025.
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In terms of governance, the CEO, Miguel Martin, was appointed executive chairman.
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The outgoing chairman, Ron Funk, became lead independent director.
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Michael Singer, previously executive chairman, is now considered independent and was appointed to the Audit Committee and HRCC.
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Rajesh Uttamchandani was appointed to the HRCC and Nominating & Corporate Governance Committee.
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Kind to Animals
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No data specific to ACB.US or the 'Kind to Animals' value was found in the provided articles.
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Therefore, no assessment can be made against the defined KPIs.
No War, No Weapons
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Aurora Cannabis Inc. is a Canadian company focused on cultivating and selling cannabis products, operating facilities like the 800,000 square foot Aurora Sky in Alberta.
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No evidence in the provided articles indicates any involvement in arms manufacturing, military contracts, dual-use technology, or sales to embargoed regimes. Furthermore, Aurora Cannabis Inc. is not listed among the companies excluded by NBIM
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or Equinor Asset Management AS
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for involvement in weapons production or sales to conflict states.
Planet-Friendly Business
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The provided articles do not contain information relevant to Aurora Cannabis Inc.'s planet-friendly business practices. The content focuses on financial performance, production capacity, and regulatory certifications related to manufacturing quality and product sales, rather than environmental stewardship, emissions, renewable energy, water use, waste management, or climate-related initiatives.
Respect for Cultures & Communities
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Aurora Cannabis Inc. provides grievance mechanisms for external stakeholders, including a third-party independent anonymous hotline and website
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. Free, Prior and Informed Consent (FPIC) processes are not applicable to the company's operations as no projects impacting Indigenous communities are specified
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.
Safe & Smart Tech
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Aurora Cannabis experienced a cybersecurity incident on December 25, 2020
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, where a threat actor claimed to have stolen 50GB of personal identifiable information (PHI) from customers and employees
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. This sensitive data included credit card information, government IDs, home addresses, banking details, passports, checks, and business documents
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, impacting Microsoft cloud software (SharePoint and OneDrive)
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. Patient information systems and business operations were not affected
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. Aurora Cannabis took immediate action to mitigate the attack
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, consulted with third-party security experts
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, and contacted affected employees
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. The company notified affected parties on December 31, 2020
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, and stated they are following security protocols
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, working with privacy and law enforcement councils
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, and cooperating with authorities
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. The hacker claimed continued access to the network
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and that ransom demands were ignored
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.
Zero Waste & Sustainable Products
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Aurora Cannabis Inc.'s product packaging, often multi-material (e.g., black plastic with a tin layer), is difficult for municipal recycling facilities to process due to manual separation requirements and optical sorter limitations.
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This design prioritizes federal regulatory compliance over recyclability, indicating a lack of consideration for circular design principles in product development and predominantly non-recyclable packaging.
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The company has not mentioned specific waste reduction targets. In contrast, Aurora Cannabis has invested $1.5 million in Micron Waste Technologies, acquiring a 6.46% ownership, to optimize organic waste digester technology.
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The company is trialing and plans to install Micron's Cannavore closed-loop system at its facilities, which processes organic waste, treats Active Pharmaceutical Ingredients (APIs) to denature cannabinoids, and produces clean greywater for reuse or safe discharge.
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No waste disposal violations or citations for Aurora Cannabis Inc. were reported.