The Globe and Mail’s Board Games Report Yet Again Names Aurora Cannabis The Best Among Cannabis Corporate Boards
Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian-licensed global cannabis company, has acknowledged that it has increased its ranking in The Globe and Mail’s 2021 annual Report on Business review of Corporate Boards, known as Board Games.
In the 2021 Board Games results, the company ranked much ahead of the cannabis companies in its peer group by receiving 77 out of 100 eligible points.
For the 20th consecutive year, Report on Business has assessed the boards and governance practices of Canada’s largest corporations within the S&P/TSX Composite. And for this assessment, they have used a rigorous set of governance criteria, designed to go much beyond the minimum mandatory rules imposed by regulators.
The quality of the companies’ governance practices is assessed based on various criteria and is evaluated across four main categories, namely, Board Composition, Shareholding and Compensation, Shareholder Rights, and Disclosure. Aurora’s score in 2021 is significantly higher than that of its previous years’ results which were 67 out of 100 in 2019 and 72 out of 100 in 2020.
About Aurora Cannabis
Aurora is a Canadian-licensed cannabis company and a global leader in the cannabis industry. It was founded in 2006 and when it received the license for growing cannabis in 2014, it became the first cannabis company to obtain a federal license in Alberta.
Aurora Cannabis serves both the medical and recreational cannabis markets and is dedicated to improving people’s lives. The company is headquartered in Edmonton, Alberta. Aurora’s popular brands include Aurora, Aurora Drift, San Rafael ’71, Daily Special, MedReleaf, CanniMed, Whistler, Reliva , and KG7 CBD.
The company is fully focused on producing high-quality products by incorporating the steadily evolving ideas generated by science and innovation. It is the second-largest cannabis company in the world based on market capitalization.
As of 2018, the company has 8 licensed production facilities and 5 sales licenses, and it is operating in 25 countries. It has also many wholly-owned subsidiary companies like MedReleaf, CanvasRX, Peloton Pharmaceutical, Aurora Deutschland, H2 Biopharma, BC Northern Lights, Larssen Greenhouses, CanniMed Therapeutics, Anandia, HotHouse Consulting, MED Colombia, Agropro, Borela, ICC Labs, Whistler, Chemi Pharmaceutical, and Hempco.
The company trades on TSX under the stock symbol ACB and on NASDAQ also under the symbol ACB.
About the Board Games Report
Ronald Funk, Chairman of Aurora stated that with each passing year, Aurora continued to exhibit growth and maturity across all areas of the business and that the company’s improved ranking in the 2021 Board Games report was a strong indication of the progress that it was making as an organization, even as its team continued to identify ways in which their policies and practices could better serve their stakeholders.
He added that he was proud and honored to be part of a Board that stood out from its peers and demonstrated strength in governance, strategic direction, and accountability.