Aurora Cannabis COO Specifies Why Company's Product Sales Are Halted In Germany

Germany recently halted Aurora Cannabis ACB product sales, until the health authorities investigate the production process.

The production step awaiting for the inspection is related to a method that Aurora utilizes to attain a long shelf life of the flower, German pharmacies reportedly said.

Aurora COO Cam Battley said at the Marijuana Business Daily's Investor Intelligence Conference that the sales were paused over “a form of treatment that we use to maintain the product without microbial contamination."

“We realized we needed a permit,” Battley said, adding that “obviously, we’re a little red faced on that. Nobody likes an operational hiccup.”

Battley was alluding to the special permit that's demanded for distribution of irradiated medical cannabis products in Germany, adding “it’s going to take about four weeks” for the company to acquire it, according to Marijuana Business Daily.

The company’s CEO also shared his belief that Aurora will “win” the German market once it resolves the current issue.

Aurora’s stock traded at $2.45 per share on Thursday.

Related Links:

Aurora's CBD Oil Approved As Medical Marijuana Product In Ireland

Aurora Cannabis Analyst Says Company Poised To Outperform Canadian Peers

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsGlobalMarketsMediaCam BattleyGermanyMarijuana Business DailyMJBizDaily
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.


Loading...