Aurora's Stock Trades Higher On Announcing Sponsorship Of Cannabis Amnesty

Canadian cannabis giant Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) announced Monday that it has renewed its sponsorship of Cannabis Amnesty, an organization whose work involves seeking pardons for all individuals convicted of simple cannabis possession.

Based in Edmonton, Alberta, Aurora announced that the initiative will support Cannabis Amnesty's campaign to right historical wrongs by emphasizing the impact on individuals and communities that have borne the brunt of cannabis prohibition.

More than half a million Canadians face barriers to work, volunteering and travel due to having criminal records for simply possessing cannabis, the company noted.

"As a proudly Canadian company, Aurora values our roots in advocating for cannabis record pardons with Cannabis Amnesty," Miguel Martin, Aurora's CEO, said. "We have a responsibility to those communities who have been disproportionately impacted. Canadians, or anyone for that matter, shouldn't be burdened with a criminal record for a minor, non-harmful act that is no longer a crime."

Aurora's donation will enable Cannabis Amnesty to boost its operations, allowing them to directly engage with and support communities harmed by cannabis prohibition.

A chunk of the $50,000 donation will fund the hiring of Cannabis Amnesty's first full-time staff member, in collaboration with TOQi Technologies Ltd., to lead the next phase of cannabis advocacy.

"Aurora's Cannabis Amnesty sponsorship demonstrates leadership within the cannabis industry, taking a step forward to address the social inequities of cannabis prohibition," Annamaria Enenajor, founder of Cannabis Amnesty, said. "Cannabis Amnesty looks forward to working with Aurora to help influence policy for the better and continue the call for cannabis record expungement here in Canada."

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ACB Price Action

Aurora's shares traded 0.85% higher at $7.10 per share during the pre-market session on Monday morning.

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