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JA N UARY 2018
AGILITY
INNOVATION
EXECUTION
AND EXPANSION
Building a globally dominant
cannabis company
Forward Looking Statements
This Presentation (the “Document”) by Aurora Cannabis Inc. (“Aurora” or the “Company”) has been compiled by management of the Company solely for information purposes. The Document has been prepared and dated as of March 31, 2017, and the
information contained herein is current as of such date only. The Document under no circumstances is to be construed to be an offering of securities. Neither this Document, nor its delivery to the recipient shall constitute an offer to sell, or the solicitation of an
offer to buy the assets described herein. It is provided solely for use by prospective investors in considering their interest.
The information contained herein has been prepared to assist interested parties in making their own evaluation of the Company and its business and does not purport to contain all the information that prospective investors may require. Prospective investors
should conduct their own investigation and analysis of the Company and its business and the information contained in this Document as well as any additional information provided by the Company.
This Document includes forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act (Ontario, Alberta and British Colombia) and other provincial securities law in Canada. These forward-
looking statements include, among others, statements with respect to our objectives, goals and strategies to achieve those objectives and goals, as well as statements with respect to our beliefs, plans, objectives, expectations, anticipations, estimates and
intentions. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective” and “continue” (or the negative thereof), and words and expressions of similar import,
are intended to identify forward- looking statements.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, which give rise to the possibility that predictions, forecasts, projections and other forward-looking statements will not be achieved. Certain
material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. The Company strongly cautions readers not to place undue reliance on these
statements, as a number of important factors, many of which are beyond our control, could cause the Company’s actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such
forward-looking statements. These factors include, but are not limited to: general economic conditions; pending and proposed legislative or regulatory developments in Canada including the impact of changes in laws, regulations and the enforcement
thereof; reliance on funding models in Canada; operational and infrastructure risks including possible equipment failure and performance of information technology systems; intensifying competition resulting from established competitors and new entrants in
the businesses in which the Company operates; insurance coverage of sufficient scope to satisfy any liability claims; fluctuations in total patients and customers; technological change and obsolescence; loss of services of key senior management personnel;
privacy laws; structural subordination of common shares; leverage and restrictive covenants; fluctuations in cash timing and amount of capital expenditures; tax-related risks; unpredictability and volatility of the price of the Company’s securities; dilution; and
future sales of the Company’s securities.
The foregoing list of important factors that may affect future results is not exhaustive. When reviewing the Company’s forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential
events. Except as required by Canadian securities law, the Company does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by the Company or on the Company’s behalf. Such
statements speak only as of the date made.
The forward-looking statements contained in this Document should not be relied upon as representing the view of the Company or its management as of any date subsequent to the date of this Document. Neither the Company nor its management is under
any obligation, and neither undertakes, to update any of this information at any particular time. Neither the Company nor its management assumes any obligation to update or revise forward-looking statements should circumstances or estimates or
opinions changes.
None of the Company or its affiliated or related partnerships and corporations or their respective directors, officers, partners, employees, agents or representatives makes any representation or warranty as to the accuracy or completeness of the Document
or any statements, estimates or projections, and none will assume any liability for any representations (express or implied) contained in, or for any omissions from, the Document, or for any other written or oral communications transmitted to prospective
investors in the course of their evaluation of the Company and its business. An investor will only be entitled to rely on those representations and warranties contained in the definitive agreement or agreements which constitute the financing.
This presentation can not be copied, reproduced or distributed in whole or in part to others, at any time, without the prior express written consent of the Company.
To the extent that they are included in this document, certain financial metrics can be reported as non-IFRS measures, such as EBITDA (earnings before interest, taxes, depreciation and amortization). For the purposes of this Document, EBITDA is calculated as
revenue less cost of sales and operating expenses. The Company believes that these non-IFRS measures are appropriate measures of the operating performance of the Company. The Company’s calculation of these measures may differ from the
methodology used by other issuers and, accordingly, may not be comparable to such other issuers. The Company believes that these measures are appropriate measures of the Company’s operating performance because they facilitate an understanding of
operating performance without giving effect to certain non-cash and overhead expenses. None of these measures are equivalent to net income or cash flow from operating activities determined in accordance with IFRS.
Aurora Cannabis Inc. Management Presentation 2
EXCEPTIONALLY
WELL POSITIONED TO
CAPITALIZE ON THE
GLOBAL CANNABIS
OPPORTUNITY
1VIII Capital, Cannabis Sector, July 2017
CANADA
$12 B1
EU
$37 B1
ROW
$110 B1
PROJECTED MARKET POTENTIAL
4
AGILITY INNOVATION EXECUTION EXPANSION
Talented, experienced management team driving the sector's
fastest growth in customers, revenues and shareholder value
Agility
• Fastest ramp up, execution
and sales growth achieved
relative to other LP’s
• Focused strategy aimed at
capitalizing on vertical and
horizontal integration
opportunities internationally
and domestically
Aurora Cannabis Inc. Management Presentation 5
0 310
3,000
7,700
12,000
13,100
16,000
20,000
0
5,000
10,000
15,000
20,000
25,000
Jan '16 Feb '16 May '16 Aug '16 Dec '16 Mar '17 Jun '17 Sep '17
Aurora Active Registered Patients
Source: SEDAR filings
Fastest Growing LP’s – Sales License to 650kg/quarter
Aurora Cannabis Inc. Management Presentation 6
AURORA SKY
• World’s largest and most technologically
advanced cannabis cultivation facility
• Optimized for highest yield and lowest
cost per gram produced
AURORA VIE
• Specialty strains
• Yield-optimized indoor facility
AURORA MOUNTAIN
• First fully purpose-built indoor cannabis
facility
CUSTOMER SERVICE
• The Aurora Standard:
leading edge customer care
• Only LP with mobile app for
purchasing medical
cannabis
• Same-day delivery in
Calgary, Edmonton and
surrounding areas
• e-Commerce
• Product differentiation
RADIENT TECHNOLOGIES
(Strategic Partnership, 17.23% interest)
• Joint development of superior,
proprietary oil extraction process
• Faster, more efficient and higher
throughput
• Better terpene preservation
NamasteMD – exclusive white label use
for CanvasRx
Micron Waste Technologies (9%
interest) – low-cost environmentally
friendly treatment of organic waste
Establishing a world-leading brand, scale and efficiencies
Innovation Across all Operational Areas
CUSTOMER
EXPERIENCE
CULTIVATION Strategic
Partnerships
7
STRONG REVENUE GROWTH
CAPITALIZATION
DOMESTIC EXPANSION
CAPITAL MARKETS PROGRESSION
GLOBAL EXPANSION
HORIZONTAL INTEGRATION
Scale, Reach & Differentiation
• Year on Year revenue growth 169% (Q1 2018/2017)
• > $700 M pro-forma cash and marketable securities balance to fuel
domestic and international expansion
• Construction of industry-leading facilities on schedule
• Pedanios acquisition - largest German distributor
• BC Northern Lights and Urban Cultivator acquisitions – proprietary
systems for indoor cultivation of cannabis and organic microgreens
• H2 Biopharma acquisition – expansion in Quebec
• Cann Group investment - first Australian licensed cannabis company
• Radient investment – superior extraction technology
• Hempco investment – ancillary product offerings and potential
access to substantial supply of low-cost CBD
• Namaste strategic supply, distribution and exclusive agreement to
white label NamasteMD platform
• Acquisition Larssen, formation ALPS, industry leading design and
consulting operation
• Denmark – 51% in JV building Europe’s largest cannabis facility
• Investment in TGOD – access to >20,000 kgpa premium organic
cannabis and potential to benefit from financial performance TGOD
• CannaRoyalty – access to drug delivery technologies
EXECUTION
Domestic Expansion
8
MOUNTAIN SKY VIE LACHUTE
Footprint
(square
footage)
55,000 800,000 40,000 48,000
Status Operational
since 2015
Completion by mid-
2018
First bays ready for
planting Dec 2017
Completed and
Licensed Nov 2017
First harvest
Jan/Feb 2017
Completion Q1
calendar 2018
Capacity 4,800 kg/yr 100,000+ kg/yr 4,000+ kg/yr 4,500+ kg/yr
Key features First purpose
built cannabis
facility
EU GMP
certified
Highly automated,
technologically
advanced cannabis
facility for optimized
yield and low cost
production built to EU
GMP standards.
Located at Edmonton
international airport
for superior domestic
and global distribution
logistics
Technologically
advanced,
specialty strains for
premium products
and medical
research
Completed to EU
GMP standards
Nearly
completed, state-
of-the art facility
to be completed
to EU GMP
standards
$ 3.0 Billion
medical cannabis market opportunity in
Canada1
$ 9.0+ Billion
adult consumer market opportunity in
Canada1
3.4 million Canadian marijuana users***
Nationwide legalization
Potential for new product forms & devices
Positioned for rapid growth of medical and adult consumer markets
Aurora Mountain one of only a few EU GMP Certified cannabis
production facilities
1 VIII Capital, Cannabis Sector, July 2017
Ancaster facility
Valleyfield facility
Strategic Partnership with TGOD – Further Capacity and
Differentiation Through Premium Organic Products
• Aurora is completing a strategic
investment in The Green Organic
Dutchman (TGOD)
• Aurora will own 17.62% of TGOD, with
option to increase interest to >50%
• Agreement includes supply agreement,
providing access to 20% of TGOD output
from Ancaster and Valleyfield facilities
• TGOD is building 820,000 sqft ALPS-
designed facility in Valleyfield, Quebec
• TGOD is completing expansion of
existing Ancaster (On) facility to 150,000
sqft
• Will have >100,000 kg per annum
production capacity
Aurora Cannabis Inc. Management Presentation 9
Larssen LtdG R E E N H O U S E E N G I N E E R I N G
MOTHER PLANT
PROPAGATION
VEGETATIVE
FLOWERING
BUILDING 1
SUPPORT
AREA
WASTE
MANAGEMENT
ENERGY
ROOM
HST
RAINWATER
RESERVOIR
BUILDING 2
Adding > 20,000 kg p.a.
in premium organic
cannabis product to
Aurora portfolio
INTERNATIONAL EXPANSION AND
PRODUCT DIFFERENTIATION
10
11
Pedanios – Aurora’s Gateway
to the EU Cannabis Market
82 million
population Germany
>400 million
population EU
• Largest medical cannabis distributor in EU
• EU GMP certified for import, release and
distribution of cannabis
• Currently servicing >2,000 pharmacies in
Germany (exclusive suppliers of patients)
• Access to single largest federally legalized
medical cannabis market with population
> 82 million
• Broad insurance coverage for prescribed
medical cannabis
• Limited number of EU GMP certified
international producers currently serving
the German market
• Cornerstone acquisition for European
expansion strategy
• In phase 2 of tender process for German
cultivation license
12
Aurora Nordic – Europe’s Largest Facility
at 1,000,000 Square Feet
82 million
population Germany
Nordic focus wth
option to export
to wider EU with
> 400 M people
• Aurora Nordic: 51/49 JV with Alfred
Pedersen, one of Europe’s largest
greenhouse growers of vegetables
(>100,000 kg per day)
• Licensed to produce as of Jan 1, 2018
• To construct ALPS-designed high-
technology facility
• At 1,000,000 sqft, this will be largest
cannabis facility in Europe
• Focused on Nordic countries and
export to rest of EU through Pedanios
• Built to EU GMP standards for export
• Prior to facility being completed, JV has
access to temporary greenhouse space
for cultivation of cannabis
JV Partner Recognized
as one of Denmark’s
leading entrepreneurs
CANN GROUP: Australian Market Opportunity
13
• 22.9% stake in Cann Group Ltd for
$6.6 million (initial investment at AUS
$0.30/share)
• Significant appreciation of initial
investment since listing
• Technical Services Agreement in place
• Possession of one of the first two Licenses
issued in Australia
• Cultivation, Sales, and R&D licenses
• 3 facilities contemplated
• First harvest completed
• Australia is a new market with significant
development potential
>24 million
population
AUSTRALIA
Aurora Cannabis Inc. Management Presentation
Date
Shares bought
(million)
Price Costs
Current
Price (Jan
9, 2017)
Current value
25-Apr-17 21.6 0.31 6.696 3.6 77.76
08-Dec-17 7.2 2.42 17.424 3.6 25.92
TOTAL/Averag
e
28.8 0.8375 24.12 3.6 103.68
330% return on investment
Vertical Integration – Aurora Larssen Projects Ltd. (ALPS)
• Formed following acquisition of Larssen Ltd.
• Global leading greenhouse engineering and
design consultancy
• Responsible for Aurora Sky
• Currently engaged by 15 cannabis
companies globally, including 5 LPs
• 30 year track-record delivering
technologically advanced, yield-optimized
greenhouse facilities for cannabis and other
horticultural sectors
• Tracking for $6M in Fiscal 2018 revenues
Aurora Cannabis Inc. Management Presentation 14
Creating a Global Turnkey Cannabis Cultivation Powerhouse
Horizontal Integration - Strategic Relationships
Hempco Food and Fiber Investment
• Potential future ownership > 50%
• Well-established, pioneer distributors of
hemp products
• Provides access to hemp – a large, low-cost
and sustainable source of CBD to support
growing demand for cannabis products
• Ancillary product offerings for horizontal
integration - nutritional supplements and
health-lifestyle products
Namaste
• Leading e-Commerce supplier of cannabis
vaporizers
• Serves growing need for smokeless solutions
and growing demand for ancillary products
• Promotes wider brand recognition in
anticipation of legalization of the adult
recreational market
• Now also acting as third-party distributor for
BCNL products
• Exclusive white label use of NamasteMd by
CanvasRx
Aurora Cannabis Inc. Management Presentation 15
FINANCIAL SECTION
16
Operating Metrics and Assumptions
AURORA MOUNTAIN:
• Consistent production at capacity during the last
two quarters
• Continued production expected at 4,800 kg/yr
AURORA SKY:
• First bays ready for planting
• First harvest and inventory build expected by April 2018
• Capacity of 100,000 + kg/yr expected by June 2019
VIE:
• Planting commenced November 2017
• First harvest and sales expected early 2018
• Capacity of approx 4,000 kg/yr expected by early 2019
LACHUTE FACILITY
• Further exposure to underserved Quebec market
with additional 4,500 kg/yr capacity and significant
expansion potential
• Facility to be completed to EU GMP standards
• First harvest expected Q2 calendar 2018
SALES PRICES:
• Sales prices in Canadian and Germany medical
markets expected to remain steady for several years
• Selling prices in Canadian adult consumer market
may vary by province depending on distribution
model
CASH PRODUCTION COST PER GRAM:
• As Aurora Sky ramps up, ACB’s average cash
production cost per gram expected to fall to below
$1.00/g
18
Unit Economics
Current Aurora Metrics
Sales Price per Gram/Gram equivalent
Canada – CAD $9/g
Europe - > € 8/g (~CAD11.80/g)
Cash cost to produce (Q1 2018)
$1.73/g
Cash cost to sell (Q1 2018)
$1.92/g
Outlook
Sales price per gram/gram equivalent for dried
cannabis products expected to be stable with
global demand exceeding supply.
Higher margin expected on concentrates and
other derivative cannabis products.
Cost per gram expected to decrease with
automation, scale and yield expertise realized.
Long term SG&A costs not expected to escalate at
the same rapid pace of projected revenue and
market growth given regulatory marketing
restrictions and economies of scale.
Aurora Cannabis Inc. Management Presentation 19
$0.2
$1.2
$3.1
$3.9
$5.2
$5.9
$8.2
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018
Sequential
Growth (%)
169%
YoY growth
for Q1 2018
457.1% 151.7% 26.5% 33.2% 14.7% 39.0%
Strong Revenue Growth
Revenue ($M)
Aurora Cannabis Inc. Management Presentation 20
Q1 2018 Q4 2017 Q3 2017 Q2 2017
# # # #
Active registered patients (1) 19,280 16,400 13,110 12,200
Grams sold 889,965 755,059 653,008 538,045
Grams produced (2) 1,009,585 1,164,683 846,849 670,322
(In CDN $000’s unless otherwise noted) $ $ $ $
Average net selling price per gram 8.22 7.45 6.64 5.96
Cash cost of sales per gram 1.92 2.09 2.31 2.56
Cash cost to produce per gram 1.73 1.91 1.91 2.13
Cash and cash equivalents 127,915 159,796 111,116 55,846
Working capital 169,674 170,142 126,530 60,060
Continuously Improving Metrics
Aurora Cannabis Inc. Management Presentation 21
Company invested in
Shares
bought
Average
price
Current
Value
RoI
# $ $ %
Radient Technologies 28.8 0.84 103.7 330
Cann Group 23.2 0.57 50.8 285
Hempco Food and Fiber 10.6 0.31 19.8 519
TOTAL $174.3 330%
Value Creation Through Strategic Investments
Exceptional investment track record
Currently completing investment agreements with TGOD and Micron Waste Technologies
OUR ASSETS
22
Aurora Mountain – First Large-Scale Purpose-Built EU GMP Certified
Cannabis Facility
sq. ft. purpose-built, state of the art facility
State of the art, scalable, EU GMP certified production facility
55,200
4,800kg
13
Current annual capacity
Licensed grow rooms: 10 flower, 1 clone,
1 mother, 1 micro-propagation
sq. ft. of land available for facility expansion
Fully licensed producer in Alberta
Of the largest production facilities in
Canada
7.7M
Only
One
Aurora Sky Will Be the World’s Most Technologically Advanced And
Largest Capacity Cannabis Facility
• World leading design & supply partners
• First bays ready for planting
• Highest-yielding greenhouse per kWh of energy
consumed
• World’s first facility located at international
airport
• Estimated capital cost $120 million
• At full capacity, Aurora Sky is estimated to
produce over 100,000 kg per year
24
~800,000 square feet
100,000+ kg p.a.
Facility Features Aimed at Yield and Cost Optimization
• Forced air, over pressurized with tailored filters on inlet/outlet
• Sealed greenhouse enables energy conservation, minimizes
disease pressure
• Design supports unsurpassed light availability and penetration
• Best-in-class uniform climate control throughout grow zones
• Specialized irrigation system supports health, minimizes waste
• Focus on optimized yield, quality, flavor/aroma
• Fully integrated computer monitoring & control across entire
life cycle
• Mobile bench system and automated plant movement
• Integrated visual monitoring systems to identify pests, disease
and other problems
• Harvest to dry provides small-batch quality with mass scale
throughput
• Custom process-flow supports production under strict
GMP/GPP standards
Aurora Cannabis Inc. Management Presentation 25
Optimal Logistics at Edmonton International Airport (EIA)
Advantages
• Unparalleled access to transportation for
domestic and international distribution of
products servicing Aurora’s expanding
footprint
• Access to industrial infrastructure, power,
water and gas
• Federal security monitoring
• Co-location with bonded warehousing
and courier services
• Edmonton has the lowest corporate tax
rate in North America
• Property taxes at the Edmonton
International airport are approximately
half of those charged in Edmonton
Aurora Cannabis Inc. Management Presentation 26
AURORA SKY
Aurora Vie and Lachute Quebec facilities
• Acquired Peloton Pharmaceuticals for $7 million
• 40,000 square foot facility completed and first
planting commenced November 2017
• Completed build-out and received license in
November 2017, reflecting unparalleled execution
in sector
• Provides direct access to Quebec market
• Provides operations base to target, and shortens
supply lines to serve, Atlantic Provinces
• Delivers additional supply
• Certain technologies proposed for Aurora Sky to
be tested at Pointe-Claire facility
Aurora Cannabis Inc. Management Presentation 27
• H2 Biopharma acquired December 2017
• 48,000 sqft nearly completed facility
• 4,500 kg/yr capacity
• 46 acres expansion land under option to
acquire for $136,000
OUR PRODUCTS
28
Aurora Dried Flower Products Recognized for High Quality
WIDE RANGE OF HIGH-DEMAND PRODUCTS
• Highest CBD Strain in Canada
• Highest THC Strain in Canada
• Mid-range THC Strains
• Balanced THC/CBD Strains
The Aurora brand resonates with the Canadian Medical Cannabis Community and Adult Use Culture
24
10+
24
0
$9 per Gram; $6/gram compassionate pricing
Distinct Strains in Production ►
Dried Bud and Oils
Flagship Strains Differentiated by:
▪ THC%: < 1% – 32% (Highest reported in Canada)
▪ CBD%: < 0.5% – 20+% (Highest reported in Canada)
▪ Types: Indica, Sativa, Hybrid, Blend
Product Strains Launched to Date
Pesticides and Gamma-irradiation ►
Natural, Differentiated
Sundance
(Borealis Blend)
Ambition
(Blue Dream)
Sentinel
(Cannatonic)
Cannabis Oils – Sales & Continued Innovation
• Sales license received January 2017
• Sales of four product lines
commenced in April 2017
• Sales price - $95 per 30ml bottle
($65 compassionate pricing)
• Game-changing collaboration with Radient
• Proprietary technology with the potential for:
• Better Terpene preservation
• Significantly reduced extraction times (minutes vs
hours for current benchmark)
• Lower production costs
• Higher active ingredient purity
• Increased recovery of actives from scarce biomass
• Utilization of significantly less energy and material
inputs than current benchmark processes
• Collaboration grants exclusivity related to the
use of the technology in Canada
Aurora Cannabis Inc. Management Presentation 30
Product Differentiation – Enabling The Homegrow Market
Aurora Cannabis Inc. Management Presentation 31
Industry-leading grow boxes for the homegrow market
Urban cultivators for microgreens for both the residential
and commercial kitchen markets
Endorsed by celebrities and corporations
Hempco – New Products, New Markets, Low-Cost CBD Supply
Aurora Cannabis Inc. Management Presentation 32
One of the world’s largest industrial producers
of hemp products
• Primary product lines:
• Bulk and packaged food products (e.g. hemp protein
powder, hemp seeds or hearts, hemp oil
• Hemp fibre
• Nutraceuticals
• Animal feed supplement product line launched
• Hemp contains significant amounts of Omega
fatty acids with proven health benefits
• Hempco’s line of packaged foods are sold under
the brand “Planet Hemp” and are distributed
globally in seven countries
• Hemp is a potential source of CBD
Health Canada proposals would allow for whole-
plant utilization model, making hemp low-cost
source of CBD material
LEADERSHIP
33
Experienced Leadership Team
Aurora Cannabis Inc. Management Presentation 34
Terry Booth
CEO
CEO of 6 successful companies
25 years experience in highly
regulated industries
Cam Battley
Chief Corporate Officer
Deep experience in pharma and
cannabis sectors
Board member Cannabis
Canada
Steve Dobler
President
Successful entrepreneur, member of
many public companies’ board of
directors. Responsible for raising
substantial funds for Aurora
Glen Ibbott
CFO
Strong senior financial executive
with deep life sciences sector
experience
Neil Belot
Chief Global Business
Development Officer
Former executive director of
Cannabis Canada - Canada's trade
association for Licensed Producers
Allan Cleiren
COO
Experienced operational
executive with nearly three
decades leadership experience
at private and public companies
Darryl Vleeming
Chief Information Officer
over 20 years of experience in
Senior IT leadership, project
delivery, and IT strategic planning
at publicly traded international
corporations, with a specific
focus on driving business value.
Board of Directors
Aurora Cannabis Inc. Management Presentation 35
Steve Dobler
President, Aurora
Successful entrepreneur,
member of many public
companies’ board of
directors. Responsible for
raising substantial funds
for Aurora
Adam Szweras
Partner, Fogler, Rubinoff LLP
Experienced securities
lawyer. Founder of a US
developer of marijuana
and hemp oil, and edible
products.
Michael Singer
Chairman
CFO, Clementia
Pharmaceuticals
Former CFO, Bedrocan
Cannabis Corp.
Terry Booth
CEO, Aurora
CEO of 6 successful
companies
25 years experience
in highly regulated
industries
Dr. Jason Dyck
Professor, Department of
Pediatrics and Director of
Cardiovascular
Research Centre,
University of Alberta
Joseph del Moral
President, CanvasRx
Experienced executive in
regulated industries
Exited last company to Just
Energy (JE.TO)
Diane Jang
A business consultant,
specializing in strategic
planning for sustainable
success, growth and
profitability, with over 27
years of business
experience in the
Consumer Packaged
Goods industry
HIGHLIGHTS
36
Fastest patient sign up
rate in industry
Scale to service both
rapidly growing medical
market and seize
legalization opportunity
Extremely well capitalized
to pursue global
expansion opportunity
• Upon completion, five facilities
• ~ 200,000 kg per annum production capacity1
• Technologically most advanced facilities =>
ultra low cost of production
• Global reach
• Pedanios - Germany & EU
• Cann Group – Australia
• Aurora Nordic - Denmark
SCALE
• Disruptive extraction technology
• First mobile app for ordering medical cannabis
• Customer care: same day delivery in two
metropolitan areas
INNOVATION
• High quality products
• BC Northern Lights & Urban Cultivator: addressing home
grow and micro green markets
• Hempco Food & Fiber: new products, new health life-
style markets, low-cost source of CBD materia
• Namaste partnership delivering product differentiation
DIFFERENTIATION
1 prorated for 51% interest in Aurora Nordic and 17% interest in TGOD
37
AGILITY INNOVATION EXECUTION EXPANSION
Talented, experienced management team driving the sector's
fastest growth in customers, revenues and shareholder value
Aurora Information
Established
2013
~500 Employees
7 Directors
Head Office
1500 -1199 West Hastings St.
Vancouver, BC V6E 3T5
TSX:
ACB
OTCQX:
ACBFF
Aurora Cannabis Inc. Management Presentation 38
Capital Summary
Market Cap - Basic
$6.5 Billion
Share Price -
January 8, 2018
$13.89
Aurora Cannabis Inc. Management Presentation 39
Strong balance sheet with pro-forma Cash and Marketable Securities Balance
> $700 million
January 8, 2018
TSX listed, ticker symbol ACB
Securities
Issued & Outstanding Shares 470,194,953
Options 21,580,724
Warrants 11,037,886
Restricted stock units 2,000,000
Convertible debentures shares
reserved for issuance
17,692,308
Fully Diluted 522,505,871
Contact Information
Cam Battley
Chief Corporate Officer
+1 (905) 878-5525
cam@auroramj.com
40
Marc Lakmaaker, Director IR &
Corporate Development
+1 (647) 269-5523
Marc.lakmaaker@auroramj.com

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Aurora investor presentation - january 2018

  • 1. JA N UARY 2018 AGILITY INNOVATION EXECUTION AND EXPANSION Building a globally dominant cannabis company
  • 2. Forward Looking Statements This Presentation (the “Document”) by Aurora Cannabis Inc. (“Aurora” or the “Company”) has been compiled by management of the Company solely for information purposes. The Document has been prepared and dated as of March 31, 2017, and the information contained herein is current as of such date only. The Document under no circumstances is to be construed to be an offering of securities. Neither this Document, nor its delivery to the recipient shall constitute an offer to sell, or the solicitation of an offer to buy the assets described herein. It is provided solely for use by prospective investors in considering their interest. The information contained herein has been prepared to assist interested parties in making their own evaluation of the Company and its business and does not purport to contain all the information that prospective investors may require. Prospective investors should conduct their own investigation and analysis of the Company and its business and the information contained in this Document as well as any additional information provided by the Company. This Document includes forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act (Ontario, Alberta and British Colombia) and other provincial securities law in Canada. These forward- looking statements include, among others, statements with respect to our objectives, goals and strategies to achieve those objectives and goals, as well as statements with respect to our beliefs, plans, objectives, expectations, anticipations, estimates and intentions. The words “may”, “will”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “plan”, “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “objective” and “continue” (or the negative thereof), and words and expressions of similar import, are intended to identify forward- looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, which give rise to the possibility that predictions, forecasts, projections and other forward-looking statements will not be achieved. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. The Company strongly cautions readers not to place undue reliance on these statements, as a number of important factors, many of which are beyond our control, could cause the Company’s actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to: general economic conditions; pending and proposed legislative or regulatory developments in Canada including the impact of changes in laws, regulations and the enforcement thereof; reliance on funding models in Canada; operational and infrastructure risks including possible equipment failure and performance of information technology systems; intensifying competition resulting from established competitors and new entrants in the businesses in which the Company operates; insurance coverage of sufficient scope to satisfy any liability claims; fluctuations in total patients and customers; technological change and obsolescence; loss of services of key senior management personnel; privacy laws; structural subordination of common shares; leverage and restrictive covenants; fluctuations in cash timing and amount of capital expenditures; tax-related risks; unpredictability and volatility of the price of the Company’s securities; dilution; and future sales of the Company’s securities. The foregoing list of important factors that may affect future results is not exhaustive. When reviewing the Company’s forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by Canadian securities law, the Company does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by the Company or on the Company’s behalf. Such statements speak only as of the date made. The forward-looking statements contained in this Document should not be relied upon as representing the view of the Company or its management as of any date subsequent to the date of this Document. Neither the Company nor its management is under any obligation, and neither undertakes, to update any of this information at any particular time. Neither the Company nor its management assumes any obligation to update or revise forward-looking statements should circumstances or estimates or opinions changes. None of the Company or its affiliated or related partnerships and corporations or their respective directors, officers, partners, employees, agents or representatives makes any representation or warranty as to the accuracy or completeness of the Document or any statements, estimates or projections, and none will assume any liability for any representations (express or implied) contained in, or for any omissions from, the Document, or for any other written or oral communications transmitted to prospective investors in the course of their evaluation of the Company and its business. An investor will only be entitled to rely on those representations and warranties contained in the definitive agreement or agreements which constitute the financing. This presentation can not be copied, reproduced or distributed in whole or in part to others, at any time, without the prior express written consent of the Company. To the extent that they are included in this document, certain financial metrics can be reported as non-IFRS measures, such as EBITDA (earnings before interest, taxes, depreciation and amortization). For the purposes of this Document, EBITDA is calculated as revenue less cost of sales and operating expenses. The Company believes that these non-IFRS measures are appropriate measures of the operating performance of the Company. The Company’s calculation of these measures may differ from the methodology used by other issuers and, accordingly, may not be comparable to such other issuers. The Company believes that these measures are appropriate measures of the Company’s operating performance because they facilitate an understanding of operating performance without giving effect to certain non-cash and overhead expenses. None of these measures are equivalent to net income or cash flow from operating activities determined in accordance with IFRS. Aurora Cannabis Inc. Management Presentation 2
  • 3. EXCEPTIONALLY WELL POSITIONED TO CAPITALIZE ON THE GLOBAL CANNABIS OPPORTUNITY 1VIII Capital, Cannabis Sector, July 2017 CANADA $12 B1 EU $37 B1 ROW $110 B1 PROJECTED MARKET POTENTIAL
  • 4. 4 AGILITY INNOVATION EXECUTION EXPANSION Talented, experienced management team driving the sector's fastest growth in customers, revenues and shareholder value
  • 5. Agility • Fastest ramp up, execution and sales growth achieved relative to other LP’s • Focused strategy aimed at capitalizing on vertical and horizontal integration opportunities internationally and domestically Aurora Cannabis Inc. Management Presentation 5 0 310 3,000 7,700 12,000 13,100 16,000 20,000 0 5,000 10,000 15,000 20,000 25,000 Jan '16 Feb '16 May '16 Aug '16 Dec '16 Mar '17 Jun '17 Sep '17 Aurora Active Registered Patients Source: SEDAR filings Fastest Growing LP’s – Sales License to 650kg/quarter
  • 6. Aurora Cannabis Inc. Management Presentation 6 AURORA SKY • World’s largest and most technologically advanced cannabis cultivation facility • Optimized for highest yield and lowest cost per gram produced AURORA VIE • Specialty strains • Yield-optimized indoor facility AURORA MOUNTAIN • First fully purpose-built indoor cannabis facility CUSTOMER SERVICE • The Aurora Standard: leading edge customer care • Only LP with mobile app for purchasing medical cannabis • Same-day delivery in Calgary, Edmonton and surrounding areas • e-Commerce • Product differentiation RADIENT TECHNOLOGIES (Strategic Partnership, 17.23% interest) • Joint development of superior, proprietary oil extraction process • Faster, more efficient and higher throughput • Better terpene preservation NamasteMD – exclusive white label use for CanvasRx Micron Waste Technologies (9% interest) – low-cost environmentally friendly treatment of organic waste Establishing a world-leading brand, scale and efficiencies Innovation Across all Operational Areas CUSTOMER EXPERIENCE CULTIVATION Strategic Partnerships
  • 7. 7 STRONG REVENUE GROWTH CAPITALIZATION DOMESTIC EXPANSION CAPITAL MARKETS PROGRESSION GLOBAL EXPANSION HORIZONTAL INTEGRATION Scale, Reach & Differentiation • Year on Year revenue growth 169% (Q1 2018/2017) • > $700 M pro-forma cash and marketable securities balance to fuel domestic and international expansion • Construction of industry-leading facilities on schedule • Pedanios acquisition - largest German distributor • BC Northern Lights and Urban Cultivator acquisitions – proprietary systems for indoor cultivation of cannabis and organic microgreens • H2 Biopharma acquisition – expansion in Quebec • Cann Group investment - first Australian licensed cannabis company • Radient investment – superior extraction technology • Hempco investment – ancillary product offerings and potential access to substantial supply of low-cost CBD • Namaste strategic supply, distribution and exclusive agreement to white label NamasteMD platform • Acquisition Larssen, formation ALPS, industry leading design and consulting operation • Denmark – 51% in JV building Europe’s largest cannabis facility • Investment in TGOD – access to >20,000 kgpa premium organic cannabis and potential to benefit from financial performance TGOD • CannaRoyalty – access to drug delivery technologies EXECUTION
  • 8. Domestic Expansion 8 MOUNTAIN SKY VIE LACHUTE Footprint (square footage) 55,000 800,000 40,000 48,000 Status Operational since 2015 Completion by mid- 2018 First bays ready for planting Dec 2017 Completed and Licensed Nov 2017 First harvest Jan/Feb 2017 Completion Q1 calendar 2018 Capacity 4,800 kg/yr 100,000+ kg/yr 4,000+ kg/yr 4,500+ kg/yr Key features First purpose built cannabis facility EU GMP certified Highly automated, technologically advanced cannabis facility for optimized yield and low cost production built to EU GMP standards. Located at Edmonton international airport for superior domestic and global distribution logistics Technologically advanced, specialty strains for premium products and medical research Completed to EU GMP standards Nearly completed, state- of-the art facility to be completed to EU GMP standards $ 3.0 Billion medical cannabis market opportunity in Canada1 $ 9.0+ Billion adult consumer market opportunity in Canada1 3.4 million Canadian marijuana users*** Nationwide legalization Potential for new product forms & devices Positioned for rapid growth of medical and adult consumer markets Aurora Mountain one of only a few EU GMP Certified cannabis production facilities 1 VIII Capital, Cannabis Sector, July 2017
  • 9. Ancaster facility Valleyfield facility Strategic Partnership with TGOD – Further Capacity and Differentiation Through Premium Organic Products • Aurora is completing a strategic investment in The Green Organic Dutchman (TGOD) • Aurora will own 17.62% of TGOD, with option to increase interest to >50% • Agreement includes supply agreement, providing access to 20% of TGOD output from Ancaster and Valleyfield facilities • TGOD is building 820,000 sqft ALPS- designed facility in Valleyfield, Quebec • TGOD is completing expansion of existing Ancaster (On) facility to 150,000 sqft • Will have >100,000 kg per annum production capacity Aurora Cannabis Inc. Management Presentation 9 Larssen LtdG R E E N H O U S E E N G I N E E R I N G MOTHER PLANT PROPAGATION VEGETATIVE FLOWERING BUILDING 1 SUPPORT AREA WASTE MANAGEMENT ENERGY ROOM HST RAINWATER RESERVOIR BUILDING 2 Adding > 20,000 kg p.a. in premium organic cannabis product to Aurora portfolio
  • 11. 11 Pedanios – Aurora’s Gateway to the EU Cannabis Market 82 million population Germany >400 million population EU • Largest medical cannabis distributor in EU • EU GMP certified for import, release and distribution of cannabis • Currently servicing >2,000 pharmacies in Germany (exclusive suppliers of patients) • Access to single largest federally legalized medical cannabis market with population > 82 million • Broad insurance coverage for prescribed medical cannabis • Limited number of EU GMP certified international producers currently serving the German market • Cornerstone acquisition for European expansion strategy • In phase 2 of tender process for German cultivation license
  • 12. 12 Aurora Nordic – Europe’s Largest Facility at 1,000,000 Square Feet 82 million population Germany Nordic focus wth option to export to wider EU with > 400 M people • Aurora Nordic: 51/49 JV with Alfred Pedersen, one of Europe’s largest greenhouse growers of vegetables (>100,000 kg per day) • Licensed to produce as of Jan 1, 2018 • To construct ALPS-designed high- technology facility • At 1,000,000 sqft, this will be largest cannabis facility in Europe • Focused on Nordic countries and export to rest of EU through Pedanios • Built to EU GMP standards for export • Prior to facility being completed, JV has access to temporary greenhouse space for cultivation of cannabis JV Partner Recognized as one of Denmark’s leading entrepreneurs
  • 13. CANN GROUP: Australian Market Opportunity 13 • 22.9% stake in Cann Group Ltd for $6.6 million (initial investment at AUS $0.30/share) • Significant appreciation of initial investment since listing • Technical Services Agreement in place • Possession of one of the first two Licenses issued in Australia • Cultivation, Sales, and R&D licenses • 3 facilities contemplated • First harvest completed • Australia is a new market with significant development potential >24 million population AUSTRALIA Aurora Cannabis Inc. Management Presentation Date Shares bought (million) Price Costs Current Price (Jan 9, 2017) Current value 25-Apr-17 21.6 0.31 6.696 3.6 77.76 08-Dec-17 7.2 2.42 17.424 3.6 25.92 TOTAL/Averag e 28.8 0.8375 24.12 3.6 103.68 330% return on investment
  • 14. Vertical Integration – Aurora Larssen Projects Ltd. (ALPS) • Formed following acquisition of Larssen Ltd. • Global leading greenhouse engineering and design consultancy • Responsible for Aurora Sky • Currently engaged by 15 cannabis companies globally, including 5 LPs • 30 year track-record delivering technologically advanced, yield-optimized greenhouse facilities for cannabis and other horticultural sectors • Tracking for $6M in Fiscal 2018 revenues Aurora Cannabis Inc. Management Presentation 14 Creating a Global Turnkey Cannabis Cultivation Powerhouse
  • 15. Horizontal Integration - Strategic Relationships Hempco Food and Fiber Investment • Potential future ownership > 50% • Well-established, pioneer distributors of hemp products • Provides access to hemp – a large, low-cost and sustainable source of CBD to support growing demand for cannabis products • Ancillary product offerings for horizontal integration - nutritional supplements and health-lifestyle products Namaste • Leading e-Commerce supplier of cannabis vaporizers • Serves growing need for smokeless solutions and growing demand for ancillary products • Promotes wider brand recognition in anticipation of legalization of the adult recreational market • Now also acting as third-party distributor for BCNL products • Exclusive white label use of NamasteMd by CanvasRx Aurora Cannabis Inc. Management Presentation 15
  • 17. Operating Metrics and Assumptions AURORA MOUNTAIN: • Consistent production at capacity during the last two quarters • Continued production expected at 4,800 kg/yr AURORA SKY: • First bays ready for planting • First harvest and inventory build expected by April 2018 • Capacity of 100,000 + kg/yr expected by June 2019 VIE: • Planting commenced November 2017 • First harvest and sales expected early 2018 • Capacity of approx 4,000 kg/yr expected by early 2019 LACHUTE FACILITY • Further exposure to underserved Quebec market with additional 4,500 kg/yr capacity and significant expansion potential • Facility to be completed to EU GMP standards • First harvest expected Q2 calendar 2018 SALES PRICES: • Sales prices in Canadian and Germany medical markets expected to remain steady for several years • Selling prices in Canadian adult consumer market may vary by province depending on distribution model CASH PRODUCTION COST PER GRAM: • As Aurora Sky ramps up, ACB’s average cash production cost per gram expected to fall to below $1.00/g
  • 18. 18 Unit Economics Current Aurora Metrics Sales Price per Gram/Gram equivalent Canada – CAD $9/g Europe - > € 8/g (~CAD11.80/g) Cash cost to produce (Q1 2018) $1.73/g Cash cost to sell (Q1 2018) $1.92/g Outlook Sales price per gram/gram equivalent for dried cannabis products expected to be stable with global demand exceeding supply. Higher margin expected on concentrates and other derivative cannabis products. Cost per gram expected to decrease with automation, scale and yield expertise realized. Long term SG&A costs not expected to escalate at the same rapid pace of projected revenue and market growth given regulatory marketing restrictions and economies of scale.
  • 19. Aurora Cannabis Inc. Management Presentation 19 $0.2 $1.2 $3.1 $3.9 $5.2 $5.9 $8.2 $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 $9.0 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Sequential Growth (%) 169% YoY growth for Q1 2018 457.1% 151.7% 26.5% 33.2% 14.7% 39.0% Strong Revenue Growth Revenue ($M)
  • 20. Aurora Cannabis Inc. Management Presentation 20 Q1 2018 Q4 2017 Q3 2017 Q2 2017 # # # # Active registered patients (1) 19,280 16,400 13,110 12,200 Grams sold 889,965 755,059 653,008 538,045 Grams produced (2) 1,009,585 1,164,683 846,849 670,322 (In CDN $000’s unless otherwise noted) $ $ $ $ Average net selling price per gram 8.22 7.45 6.64 5.96 Cash cost of sales per gram 1.92 2.09 2.31 2.56 Cash cost to produce per gram 1.73 1.91 1.91 2.13 Cash and cash equivalents 127,915 159,796 111,116 55,846 Working capital 169,674 170,142 126,530 60,060 Continuously Improving Metrics
  • 21. Aurora Cannabis Inc. Management Presentation 21 Company invested in Shares bought Average price Current Value RoI # $ $ % Radient Technologies 28.8 0.84 103.7 330 Cann Group 23.2 0.57 50.8 285 Hempco Food and Fiber 10.6 0.31 19.8 519 TOTAL $174.3 330% Value Creation Through Strategic Investments Exceptional investment track record Currently completing investment agreements with TGOD and Micron Waste Technologies
  • 23. Aurora Mountain – First Large-Scale Purpose-Built EU GMP Certified Cannabis Facility sq. ft. purpose-built, state of the art facility State of the art, scalable, EU GMP certified production facility 55,200 4,800kg 13 Current annual capacity Licensed grow rooms: 10 flower, 1 clone, 1 mother, 1 micro-propagation sq. ft. of land available for facility expansion Fully licensed producer in Alberta Of the largest production facilities in Canada 7.7M Only One
  • 24. Aurora Sky Will Be the World’s Most Technologically Advanced And Largest Capacity Cannabis Facility • World leading design & supply partners • First bays ready for planting • Highest-yielding greenhouse per kWh of energy consumed • World’s first facility located at international airport • Estimated capital cost $120 million • At full capacity, Aurora Sky is estimated to produce over 100,000 kg per year 24 ~800,000 square feet 100,000+ kg p.a.
  • 25. Facility Features Aimed at Yield and Cost Optimization • Forced air, over pressurized with tailored filters on inlet/outlet • Sealed greenhouse enables energy conservation, minimizes disease pressure • Design supports unsurpassed light availability and penetration • Best-in-class uniform climate control throughout grow zones • Specialized irrigation system supports health, minimizes waste • Focus on optimized yield, quality, flavor/aroma • Fully integrated computer monitoring & control across entire life cycle • Mobile bench system and automated plant movement • Integrated visual monitoring systems to identify pests, disease and other problems • Harvest to dry provides small-batch quality with mass scale throughput • Custom process-flow supports production under strict GMP/GPP standards Aurora Cannabis Inc. Management Presentation 25
  • 26. Optimal Logistics at Edmonton International Airport (EIA) Advantages • Unparalleled access to transportation for domestic and international distribution of products servicing Aurora’s expanding footprint • Access to industrial infrastructure, power, water and gas • Federal security monitoring • Co-location with bonded warehousing and courier services • Edmonton has the lowest corporate tax rate in North America • Property taxes at the Edmonton International airport are approximately half of those charged in Edmonton Aurora Cannabis Inc. Management Presentation 26 AURORA SKY
  • 27. Aurora Vie and Lachute Quebec facilities • Acquired Peloton Pharmaceuticals for $7 million • 40,000 square foot facility completed and first planting commenced November 2017 • Completed build-out and received license in November 2017, reflecting unparalleled execution in sector • Provides direct access to Quebec market • Provides operations base to target, and shortens supply lines to serve, Atlantic Provinces • Delivers additional supply • Certain technologies proposed for Aurora Sky to be tested at Pointe-Claire facility Aurora Cannabis Inc. Management Presentation 27 • H2 Biopharma acquired December 2017 • 48,000 sqft nearly completed facility • 4,500 kg/yr capacity • 46 acres expansion land under option to acquire for $136,000
  • 29. Aurora Dried Flower Products Recognized for High Quality WIDE RANGE OF HIGH-DEMAND PRODUCTS • Highest CBD Strain in Canada • Highest THC Strain in Canada • Mid-range THC Strains • Balanced THC/CBD Strains The Aurora brand resonates with the Canadian Medical Cannabis Community and Adult Use Culture 24 10+ 24 0 $9 per Gram; $6/gram compassionate pricing Distinct Strains in Production ► Dried Bud and Oils Flagship Strains Differentiated by: ▪ THC%: < 1% – 32% (Highest reported in Canada) ▪ CBD%: < 0.5% – 20+% (Highest reported in Canada) ▪ Types: Indica, Sativa, Hybrid, Blend Product Strains Launched to Date Pesticides and Gamma-irradiation ► Natural, Differentiated Sundance (Borealis Blend) Ambition (Blue Dream) Sentinel (Cannatonic)
  • 30. Cannabis Oils – Sales & Continued Innovation • Sales license received January 2017 • Sales of four product lines commenced in April 2017 • Sales price - $95 per 30ml bottle ($65 compassionate pricing) • Game-changing collaboration with Radient • Proprietary technology with the potential for: • Better Terpene preservation • Significantly reduced extraction times (minutes vs hours for current benchmark) • Lower production costs • Higher active ingredient purity • Increased recovery of actives from scarce biomass • Utilization of significantly less energy and material inputs than current benchmark processes • Collaboration grants exclusivity related to the use of the technology in Canada Aurora Cannabis Inc. Management Presentation 30
  • 31. Product Differentiation – Enabling The Homegrow Market Aurora Cannabis Inc. Management Presentation 31 Industry-leading grow boxes for the homegrow market Urban cultivators for microgreens for both the residential and commercial kitchen markets Endorsed by celebrities and corporations
  • 32. Hempco – New Products, New Markets, Low-Cost CBD Supply Aurora Cannabis Inc. Management Presentation 32 One of the world’s largest industrial producers of hemp products • Primary product lines: • Bulk and packaged food products (e.g. hemp protein powder, hemp seeds or hearts, hemp oil • Hemp fibre • Nutraceuticals • Animal feed supplement product line launched • Hemp contains significant amounts of Omega fatty acids with proven health benefits • Hempco’s line of packaged foods are sold under the brand “Planet Hemp” and are distributed globally in seven countries • Hemp is a potential source of CBD Health Canada proposals would allow for whole- plant utilization model, making hemp low-cost source of CBD material
  • 34. Experienced Leadership Team Aurora Cannabis Inc. Management Presentation 34 Terry Booth CEO CEO of 6 successful companies 25 years experience in highly regulated industries Cam Battley Chief Corporate Officer Deep experience in pharma and cannabis sectors Board member Cannabis Canada Steve Dobler President Successful entrepreneur, member of many public companies’ board of directors. Responsible for raising substantial funds for Aurora Glen Ibbott CFO Strong senior financial executive with deep life sciences sector experience Neil Belot Chief Global Business Development Officer Former executive director of Cannabis Canada - Canada's trade association for Licensed Producers Allan Cleiren COO Experienced operational executive with nearly three decades leadership experience at private and public companies Darryl Vleeming Chief Information Officer over 20 years of experience in Senior IT leadership, project delivery, and IT strategic planning at publicly traded international corporations, with a specific focus on driving business value.
  • 35. Board of Directors Aurora Cannabis Inc. Management Presentation 35 Steve Dobler President, Aurora Successful entrepreneur, member of many public companies’ board of directors. Responsible for raising substantial funds for Aurora Adam Szweras Partner, Fogler, Rubinoff LLP Experienced securities lawyer. Founder of a US developer of marijuana and hemp oil, and edible products. Michael Singer Chairman CFO, Clementia Pharmaceuticals Former CFO, Bedrocan Cannabis Corp. Terry Booth CEO, Aurora CEO of 6 successful companies 25 years experience in highly regulated industries Dr. Jason Dyck Professor, Department of Pediatrics and Director of Cardiovascular Research Centre, University of Alberta Joseph del Moral President, CanvasRx Experienced executive in regulated industries Exited last company to Just Energy (JE.TO) Diane Jang A business consultant, specializing in strategic planning for sustainable success, growth and profitability, with over 27 years of business experience in the Consumer Packaged Goods industry
  • 36. HIGHLIGHTS 36 Fastest patient sign up rate in industry Scale to service both rapidly growing medical market and seize legalization opportunity Extremely well capitalized to pursue global expansion opportunity • Upon completion, five facilities • ~ 200,000 kg per annum production capacity1 • Technologically most advanced facilities => ultra low cost of production • Global reach • Pedanios - Germany & EU • Cann Group – Australia • Aurora Nordic - Denmark SCALE • Disruptive extraction technology • First mobile app for ordering medical cannabis • Customer care: same day delivery in two metropolitan areas INNOVATION • High quality products • BC Northern Lights & Urban Cultivator: addressing home grow and micro green markets • Hempco Food & Fiber: new products, new health life- style markets, low-cost source of CBD materia • Namaste partnership delivering product differentiation DIFFERENTIATION 1 prorated for 51% interest in Aurora Nordic and 17% interest in TGOD
  • 37. 37 AGILITY INNOVATION EXECUTION EXPANSION Talented, experienced management team driving the sector's fastest growth in customers, revenues and shareholder value
  • 38. Aurora Information Established 2013 ~500 Employees 7 Directors Head Office 1500 -1199 West Hastings St. Vancouver, BC V6E 3T5 TSX: ACB OTCQX: ACBFF Aurora Cannabis Inc. Management Presentation 38
  • 39. Capital Summary Market Cap - Basic $6.5 Billion Share Price - January 8, 2018 $13.89 Aurora Cannabis Inc. Management Presentation 39 Strong balance sheet with pro-forma Cash and Marketable Securities Balance > $700 million January 8, 2018 TSX listed, ticker symbol ACB Securities Issued & Outstanding Shares 470,194,953 Options 21,580,724 Warrants 11,037,886 Restricted stock units 2,000,000 Convertible debentures shares reserved for issuance 17,692,308 Fully Diluted 522,505,871
  • 40. Contact Information Cam Battley Chief Corporate Officer +1 (905) 878-5525 cam@auroramj.com 40 Marc Lakmaaker, Director IR & Corporate Development +1 (647) 269-5523 Marc.lakmaaker@auroramj.com