AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace

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AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
AGILITY
INNOVATION
EXECUTION
AND EXPANSION
Building a globally dominant
cannabis company

JANUARY 2018
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
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
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
EXCEPTIONALLY                       PROJECTED MARKET POTENTIAL

          WELL POSITIONED TO                    CANADA           EU
                                                $12 B1         $37 B1
          CAPITALIZE ON THE
          GLOBAL CANNABIS                                ROW

          OPPORTUNITY                                 $110 B1

1VIII   Capital, Cannabis Sector, July 2017
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
AGILITY       INNOVATION      EXECUTION       EXPANSION

Talented, experienced management team driving the sector's
 fastest growth in customers, revenues and shareholder value

                                                               4
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
Agility
                                               Fastest Growing LP’s – Sales License to 650kg/quarter

• 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                             Source: SEDAR filings

                                               Aurora Active Registered Patients
                                                 25,000

                                                                                                                                   20,000
                                                 20,000
                                                                                                                         16,000
                                                 15,000                                                        13,100
                                                                                                     12,000

                                                 10,000                                     7,700

                                                  5,000                           3,000
                                                                0       310
                                                       0
                                                             Jan '16   Feb '16   May '16   Aug '16   Dec '16   Mar '17   Jun '17   Sep '17
Aurora Cannabis Inc. Management Presentation                                                                                                 5
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
Innovation Across all Operational Areas
Establishing a world-leading brand, scale and efficiencies

CUSTOMER                                       CULTIVATION                                     Strategic
EXPERIENCE                                                                                     Partnerships

CUSTOMER SERVICE                               AURORA SKY                                      RADIENT TECHNOLOGIES
•   The Aurora Standard:                       •   World’s largest and most technologically    (Strategic Partnership, 17.23% interest)
    leading edge customer care                     advanced cannabis cultivation facility      •   Joint development of superior,
•   Only LP with mobile app for                •   Optimized for highest yield and lowest          proprietary oil extraction process
    purchasing medical                             cost per gram produced                      •   Faster, more efficient and higher
    cannabis                                   AURORA VIE                                          throughput
•   Same-day delivery in                       •   Specialty strains                           •   Better terpene preservation
    Calgary, Edmonton and
    surrounding areas                          •   Yield-optimized indoor facility             NamasteMD – exclusive white label use
                                               AURORA MOUNTAIN                                 for CanvasRx
•   e-Commerce
                                               •   First fully purpose-built indoor cannabis   Micron Waste Technologies (9%
•   Product differentiation                                                                    interest) – low-cost environmentally
                                                   facility
                                                                                               friendly treatment of organic waste
Aurora Cannabis Inc. Management Presentation                                                                                     6
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
Scale, Reach & Differentiation
EXECUTION                     • Year on Year revenue growth 169% (Q1 2018/2017)
                              • > $700 M pro-forma cash and marketable securities balance to fuel
                                domestic and international expansion
STRONG REVENUE GROWTH         • Construction of industry-leading facilities on schedule
                              • Pedanios acquisition - largest German distributor
CAPITAL MARKETS PROGRESSION   • BC Northern Lights and Urban Cultivator acquisitions – proprietary
                                systems for indoor cultivation of cannabis and organic microgreens
                              • H2 Biopharma acquisition – expansion in Quebec
CAPITALIZATION
                              • Cann Group investment - first Australian licensed cannabis company
                              • Radient investment – superior extraction technology
DOMESTIC EXPANSION            • Hempco investment – ancillary product offerings and potential
                                access to substantial supply of low-cost CBD
                              • Namaste strategic supply, distribution and exclusive agreement to
GLOBAL EXPANSION                white label NamasteMD platform
                              • Acquisition Larssen, formation ALPS, industry leading design and
                                consulting operation
HORIZONTAL INTEGRATION
                              • 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
                                                                                                  7
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
Domestic Expansion
Positioned for rapid growth of medical and adult consumer markets
Aurora Mountain one of only a few EU GMP Certified cannabis
production facilities
               MOUNTAIN                  SKY                      VIE                 LACHUTE
Footprint         55,000               800,000                  40,000                  48,000
(square
footage)

Status         Operational       Completion by mid-        Completed and           Completion Q1
                                                                                                                   $ 9.0+ Billion
                since 2015               2018             Licensed Nov 2017        calendar 2018                   adult consumer market opportunity in
                                 First bays ready for         First harvest
                                  planting Dec 2017          Jan/Feb 2017                                          Canada1
                                                                                                                   3.4 million Canadian marijuana users***
Capacity        4,800 kg/yr         100,000+ kg/yr           4,000+ kg/yr            4,500+ kg/yr
                                                                                                                   Nationwide legalization
Key features    First purpose     Highly automated,        Technologically               Nearly                    Potential for new product forms & devices
               built cannabis       technologically          advanced,            completed, state-
                    facility    advanced cannabis         specialty strains for    of-the art facility

                                                                                                                   $ 3.0 Billion
                                 facility for optimized   premium products        to be completed
                 EU GMP           yield and low cost        and medical               to EU GMP
                 certified      production built to EU        research                 standards
                                   GMP standards.                                                                  medical cannabis market opportunity in
                                                          Completed to EU
                                Located at Edmonton                                                                Canada1
                                                           GMP standards
                                  international airport
                                 for superior domestic
                                and global distribution                                                                                                      8
                                                                                                         1 VIII   Capital, Cannabis Sector, July 2017
                                        logistics
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
Strategic Partnership with TGOD – Further Capacity and
Differentiation Through Premium Organic Products
                                                                        RAINWATER
                                                                        RESERVOIR

• Aurora is completing a strategic                   ENERGY
                                                     ROOM                                                     WASTE
                                                                                                              MANAGEMENT                            Ancaster facility
  investment in The Green Organic              HST
                                                                                                 BUILDING 2

  Dutchman (TGOD)                                             SUPPORT
                                                              AREA

• Aurora will own 17.62% of TGOD, with
  option to increase interest to >50%                                               BUILDING 1

                                                                                                                                                    Valleyfield facility
• Agreement includes supply agreement,
  providing access to 20% of TGOD output
  from Ancaster and Valleyfield facilities
                                                                                                                             MOTHER PLANT
                                                                                                                             PROPAGATION
                                                                                                                              VEGETATIVE
                                                                                                                             FLOWERING

                                                                                                                           Larssen Ltd
                                                                                                                           GREENHOUSE ENGINEERING

• TGOD is building 820,000 sqft ALPS-
  designed facility in Valleyfield, Quebec
• TGOD is completing expansion of              Adding > 20,000 kg p.a.
  existing Ancaster (On) facility to 150,000    in premium organic
  sqft                                          cannabis product to
• Will have >100,000 kg per annum                  Aurora portfolio
  production capacity

Aurora Cannabis Inc. Management Presentation                                                                                                                               9
AGILITY INNOVATION EXECUTION AND EXPANSION - Building a globally dominant cannabis company - Squarespace
INTERNATIONAL EXPANSION AND
   PRODUCT DIFFERENTIATION
                          10
Pedanios – Aurora’s Gateway
to the EU Cannabis Market

• 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           82 million           >400 million
  expansion strategy                             population Germany     population EU
• In phase 2 of tender process for German
  cultivation license

                                                                                        11
Aurora Nordic – Europe’s Largest Facility
at 1,000,000 Square Feet
                                                                   Nordic focus wth
• Aurora Nordic: 51/49 JV with Alfred                              option to export
  Pedersen, one of Europe’s largest
  greenhouse growers of vegetables                                 to wider EU with
  (>100,000 kg per day)
                                                                    > 400 M people
• 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                                      JV Partner Recognized
• Focused on Nordic countries and                                   as one of Denmark’s
  export to rest of EU through Pedanios                            leading entrepreneurs
• Built to EU GMP standards for export
• Prior to facility being completed, JV has
                                              82 million
  access to temporary greenhouse space        population Germany
  for cultivation of cannabis

                                                                                12
CANN GROUP: Australian Market Opportunity

• 22.9% stake in Cann Group Ltd for                                                       AUSTRALIA
  $6.6 million (initial investment at AUS

                                                                                          >24 million
  $0.30/share)
• Significant appreciation of initial
  investment since listing                                                                      population
• 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
                                                                    330% return on investment
                                                                                                      Current
• Australia is a new market with significant                     Shares bought
                                                  Date                           Price      Costs    Price (Jan   Current value
                                                                    (million)
  development potential                                                                               9, 2017)
                                                  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
                                                                     28.8        0.8375     24.12       3.6          103.68
                                                  e
   Aurora Cannabis Inc. Management Presentation                                                                     13
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

Creating a Global Turnkey Cannabis Cultivation Powerhouse
Aurora Cannabis Inc. Management Presentation                 14
Horizontal Integration - Strategic Relationships
Hempco Food and Fiber Investment                Namaste
• Potential future ownership > 50%              • Leading e-Commerce supplier of cannabis
                                                  vaporizers
• Well-established, pioneer distributors of
  hemp products                                 • Serves growing need for smokeless solutions
                                                  and growing demand for ancillary products
• Provides access to hemp – a large, low-cost
  and sustainable source of CBD to support      • Promotes wider brand recognition in
  growing demand for cannabis products            anticipation of legalization of the adult
                                                  recreational market
• Ancillary product offerings for horizontal
  integration - nutritional supplements and     • Now also acting as third-party distributor for
  health-lifestyle products                       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:                                               LACHUTE FACILITY
•   Consistent production at capacity during the last          •   Further exposure to underserved Quebec market
    two quarters                                                   with additional 4,500 kg/yr capacity and significant
                                                                   expansion potential
•   Continued production expected at 4,800 kg/yr
                                                               •   Facility to be completed to EU GMP standards
                                                               •   First harvest expected Q2 calendar 2018
AURORA SKY:
•   First bays ready for planting
•   First harvest and inventory build expected by April 2018   SALES PRICES:
•   Capacity of 100,000 + kg/yr expected by June 2019          •   Sales prices in Canadian and Germany medical
                                                                   markets expected to remain steady for several years
                                                               •   Selling prices in Canadian adult consumer market
VIE:                                                               may vary by province depending on distribution
•   Planting commenced November 2017                               model
•   First harvest and sales expected early 2018
•   Capacity of approx 4,000 kg/yr expected by early 2019      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
Unit Economics
Current Aurora Metrics                 Outlook

Sales Price per Gram/Gram equivalent   Sales price per gram/gram equivalent for dried
Canada – CAD $9/g                      cannabis products expected to be stable with
                                       global demand exceeding supply.
Europe - > € 8/g (~CAD11.80/g)
                                       Higher margin expected on concentrates and
Cash cost to produce (Q1 2018)         other derivative cannabis products.
$1.73/g
                                       Cost per gram expected to decrease with
                                       automation, scale and yield expertise realized.
Cash cost to sell (Q1 2018)
$1.92/g                                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.

                                                                                         18
Strong Revenue Growth

Sequential
Growth (%)                       457.1%        151.7%     26.5%    33.2%     14.7%      39.0%

Revenue ($M)
$9.0
                                                                                        $8.2
                                                                                                 169%
$8.0
                                                                                                 YoY growth
                                                                                                 for Q1 2018
$7.0
                                                                              $5.9
$6.0
                                                                    $5.2
$5.0
                                                          $3.9
$4.0
                                                $3.1
$3.0

$2.0
                                  $1.2
$1.0
              $0.2
$0.0
            Q3 2016             Q4 2016        Q1 2017   Q2 2017   Q3 2017   Q4 2017   Q1 2018

Aurora Cannabis Inc. Management Presentation                                                                   19
Continuously Improving Metrics

                                                      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

Aurora Cannabis Inc. Management Presentation                                                     20
Value Creation Through Strategic Investments

                                                 Shares   Average   Current
                          Company invested in                                 RoI
                                                 bought    price    Value
                                                   #         $         $       %
      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%

                         Exceptional investment track record
Currently completing investment agreements with TGOD and Micron Waste Technologies
  Aurora Cannabis Inc. Management Presentation                                       21
OUR ASSETS

             22
Aurora Mountain – First Large-Scale Purpose-Built EU GMP Certified
Cannabis Facility
 55,200   sq. ft. purpose-built, state of the art facility   7.7M   sq. ft. of land available for facility expansion

4,800kg   Current annual capacity                            Only   Fully licensed producer in Alberta

     13   Licensed grow rooms: 10 flower, 1 clone,
          1 mother, 1 micro-propagation                      One    Of the largest production facilities in
                                                                    Canada

          State of the art, scalable, EU GMP certified production facility
Aurora Sky Will Be the World’s Most Technologically Advanced And
Largest Capacity Cannabis Facility

~800,000 square feet
100,000+ kg p.a.

• 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
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)
                                                            AURORA SKY
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 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
                                                     •   H2 Biopharma acquired December 2017
• Certain technologies proposed for Aurora Sky to    •   48,000 sqft nearly completed facility
  be tested at Pointe-Claire facility                •   4,500 kg/yr capacity
                                                     •   46 acres expansion land under option to
                                                         acquire for $136,000

Aurora Cannabis Inc. Management Presentation                                                       27
OUR PRODUCTS

               28
Aurora Dried Flower Products Recognized for High Quality
   WIDE RANGE OF HIGH-DEMAND PRODUCTS

                                                                 24
                                                                      Distinct Strains in Production ►
                                                                      Dried Bud and Oils

                                                                10+   Flagship Strains Differentiated by:
                                                                        ▪   THC%: < 1% – 32% (Highest reported in Canada)
                                                                        ▪   CBD%: < 0.5% – 20+% (Highest reported in Canada)
                                                                        ▪   Types: Indica, Sativa, Hybrid, Blend
     Sundance              Ambition               Sentinel

                                                                 24
    (Borealis Blend)      (Blue Dream)           (Cannatonic)
                                                                      Product Strains Launched to Date

                       • Highest CBD Strain in Canada
                       • Highest THC Strain in Canada
                                                                  0   Pesticides and Gamma-irradiation ►
                                                                      Natural, Differentiated
                       • Mid-range THC Strains
                       • Balanced THC/CBD Strains
                                                                 $9   per Gram; $6/gram compassionate pricing

The Aurora brand resonates with the Canadian Medical Cannabis Community and Adult Use Culture
Cannabis Oils – Sales & Continued Innovation

• Sales license received January 2017          • Game-changing collaboration with Radient
• Sales of four product lines                  • Proprietary technology with the potential for:
  commenced in April 2017
                                                 • Better Terpene preservation
• Sales price - $95 per 30ml bottle              • Significantly reduced extraction times (minutes vs
  ($65 compassionate pricing)                      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
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

Aurora Cannabis Inc. Management Presentation                 31
Hempco – New Products, New Markets, Low-Cost CBD Supply

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
Aurora Cannabis Inc. Management Presentation                32
LEADERSHIP

             33
Experienced Leadership Team
                       Terry Booth                          Cam Battley                         Darryl Vleeming
                       CEO                                  Chief Corporate Officer             Chief Information Officer
                       CEO of 6 successful companies        Deep experience in pharma and       over 20 years of experience in
                       25 years experience in highly        cannabis sectors                    Senior IT leadership, project
                       regulated industries                 Board member Cannabis               delivery, and IT strategic planning
                                                            Canada                              at publicly traded international
                                                                                                corporations, with a specific
                                                                                                focus on driving business value.

                       Steve Dobler                         Glen Ibbott
                       President                            CFO
                       Successful entrepreneur, member of   Strong senior financial executive
                       many public companies’ board of      with deep life sciences sector
                       directors. Responsible for raising   experience
                       substantial funds for Aurora

                       Neil Belot                           Allan Cleiren
                       Chief Global Business                COO
                       Development Officer                  Experienced operational
                       Former executive director of         executive with nearly three
                       Cannabis Canada - Canada's trade     decades leadership experience
                       association for Licensed Producers   at private and public companies

Aurora Cannabis Inc. Management Presentation                                                                          34
Board of Directors
                        Michael Singer                Adam Szweras                    Diane Jang
                        Chairman                      Partner, Fogler, Rubinoff LLP
                                                      Experienced securities
                                                                                      A business consultant,
                                                                                      specializing in strategic
                        CFO, Clementia
                                                      lawyer. Founder of a US         planning for sustainable
                        Pharmaceuticals
                                                      developer of marijuana          success, growth and
                        Former CFO, Bedrocan
                                                      and hemp oil, and edible        profitability, with over 27
                        Cannabis Corp.
                                                      products.                       years of business
                                                                                      experience in the
                                                                                      Consumer Packaged
                                                                                      Goods industry

                        Steve Dobler                  Dr. Jason Dyck
                        President, Aurora             Professor, Department of
                        Successful entrepreneur,      Pediatrics and Director of
                        member of many public         Cardiovascular
                        companies’ board of           Research Centre,
                        directors. Responsible for    University of Alberta
                        raising substantial funds
                        for Aurora

                        Joseph del Moral              Terry Booth
                        President, CanvasRx           CEO, Aurora
                        Experienced executive in      CEO of 6 successful
                        regulated industries          companies
                        Exited last company to Just   25 years experience
                        Energy (JE.TO)                in highly regulated
                                                      industries

Aurora Cannabis Inc. Management Presentation                                                                   35
HIGHLIGHTS
SCALE
  • 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                                            Fastest patient sign up
    • Cann Group – Australia                                             rate in industry
    • Aurora Nordic - Denmark

                                                                         Scale to service both
INNOVATION
                                                                         rapidly growing medical
                                                                         market and seize
  • Disruptive extraction technology
                                                                         legalization opportunity
  • First mobile app for ordering medical cannabis
  • Customer care: same day delivery in two
    metropolitan areas                                                   Extremely well capitalized
                                                                         to pursue global
DIFFERENTIATION                                                          expansion opportunity
  • 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            1 prorated for 51% interest in Aurora Nordic and 17% interest in TGOD   36
  • Namaste partnership delivering product differentiation
AGILITY       INNOVATION      EXECUTION       EXPANSION

Talented, experienced management team driving the sector's
 fastest growth in customers, revenues and shareholder value

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Aurora Information

Established                                    ~500 Employees   Head Office
2013                                           7 Directors      1500 -1199 West Hastings St.
                                                                Vancouver, BC V6E 3T5

                                                     TSX:          OTCQX:
                                                     ACB           ACBFF

Aurora Cannabis Inc. Management Presentation                                               38
Capital Summary

                                               January 8, 2018
TSX listed, ticker symbol                                ACB
Securities                                                       Market Cap - Basic
Issued & Outstanding Shares                        470,194,953   $6.5 Billion
Options                                            21,580,724
Warrants                                           11,037,886
                                                                 Share Price -
Restricted stock units                               2,000,000   January 8, 2018
Convertible debentures shares                                    $13.89
                                                   17,692,308
reserved for issuance
Fully Diluted                                     522,505,871

Strong balance sheet with pro-forma Cash and Marketable Securities Balance
Aurora Cannabis Inc. Management Presentation                                          39
                                > $700 million
Contact Information

Cam Battley               Marc Lakmaaker, Director IR &
Chief Corporate Officer   Corporate Development
+1 (905) 878-5525         +1 (647) 269-5523
cam@auroramj.com          Marc.lakmaaker@auroramj.com

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