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Aurora Cannabis puts mammoth 1.7 million-square-foot greenhouse on the sales block
However, millions of dollars in additional spending could be needed if a buyer completes the greenhouse for the original purpose as a state of the art medical-grade greenhouse facility‚ and potentially less if it is finished for non-cannabis use.
The address on a promotional brochure for the Alberta greenhouse matches the address used for the Aurora Sun structure.
Aurora, which effectively pulled the plug last year on the Aurora Sun greenhouse, is taking the property to market without an asking price for price discovery,‚ MJBizDaily has learned.
The target closing‚ is listed as late second quarter to early third quarter of this year, according to the brochure.
Aurora reviewing operationsThe move comes almost a year after Aurora accepted an offer for its large greenhouse in Exeter, Ontario, for approximately half its CA$17 million listing price, and one-third of the original purchase price.