Developer docs
API playgroundTry for free, no card

Search company profiles

MedReleaf Australia

Full company profile

uuid000awtf

Namestring
MedReleaf Australia
Legal namestring
Indica Industries Pty Ltd t/as MedReleaf Australia
Company typeenum
Private
Founded yearint
2016
Descriptiontext

MedReleaf Australia (legal entity Indica Industries Pty Ltd) is a Brisbane-based pharmaceutical company that distributes a portfolio of medicinal cannabis products to Australian pharmacies and healthcare professionals. Founded in 2016 and operating as a wholly-owned subsidiary of Canadian-listed Aurora Cannabis Inc. (NYSE: ACB), the company offers products under the MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co. brands. Its stated technology footprint is the MedReleafED education portal, a free clinical-support and training resource for doctors, nurse practitioners, and pharmacists, which functions as the primary demand-generation and prescriber-engagement layer.

The business operates on a B2B distribution model rather than direct-to-patient. Revenue is generated by supplying TGA-compliant medicinal cannabis products through pharmacy wholesalers and an online distribution platform. Distribution is handled through three principal channels: Vitura Health's Canview platform (reaching approximately 4,700 Australian pharmacies via the Burleigh Heads Cannabis network), Symbion Pty Ltd as a CSO wholesaler for controlled-substance logistics, and the broader Burleigh Heads Cannabis pharmacy network. Pricing is not publicly disclosed and is gated behind MedReleafED registration.

Customer segments are prescribers (doctors, nurse practitioners) and pharmacists, with patients as the end consumer. The company monetizes primarily through product sale margins on medicinal cannabis, with a secondary go-to-market investment in prescriber education and clinical support services. The most material recent commercial lever is the March 2026 Vitura Health distribution agreement, projected by Vitura to contribute up to AUD $15 million in additional annual revenue subject to demand and regulatory conditions.

Short descriptiontext

MedReleaf Australia distributes a portfolio of TGA-compliant medicinal cannabis products under multiple brands to Australian pharmacies and prescribers, operating as a wholly-owned subsidiary of Aurora Cannabis and supported by the MedReleafED prescriber education platform.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersCoorparoo, Australia
HQ citystring
Coorparoo
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
medicinal cannabis, pharmaceutical distribution, cannabis education, pharmacy wholesale, TGA-approved cannabis
Industry3 codes
1Cannabis Dispensary + Pharmacy/Clinical Model (Patient Services)
CodeCRANAFAIPrimaryYes
2Medical Cannabis Delivery & Online Ordering
CodeCRANAGAGPrimaryNo
3Cannabis Dispensary + Delivery/Online Pickup (Omnichannel Retail)
CodeCRANAFAGPrimaryNo
NAICS code2 codes
  • Pharmacies and Drug Retailers456110
  • Medicinal and Botanical Manufacturing325411
SIC code1 code
  • Wholesale-Drugs, Proprietaries & Druggists' Sundries5122
Product category
Medicinal Cannabis Pharmaceuticals
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Medicinal Cannabis Products
TypeOne Time License
Description

MedReleaf Australia generates revenue through the sale of medicinal cannabis products under brands including MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co. Products are distributed to pharmacies through distribution partners.

smallcaps.com.au
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 6 records shown
1MedReleaf
Description

Primary brand for medicinal cannabis products

smallcaps.com.au
+5 more records
Core offering1 text field

MedReleaf Australia distributes a portfolio of TGA-compliant medicinal cannabis products under the brands MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co. to Australian pharmacies and healthcare professionals. The company supplements its product distribution with the MedReleafED education platform, which provides complimentary clinical training, webinars, and prescribing support to doctors, nurse practitioners, and pharmacists nationwide.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

MedReleaf Australia is a pharmaceutical company offering a portfolio of medicinal cannabis products under multiple brands (MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co.), distributed through pharmacy networks across Australia. The company operates primarily as a business-to-business entity, supplying medicinal cannabis to healthcare professionals and pharmacies rather than directly to patients. Alongside its product portfolio, MedReleaf Australia provides MedReleafED, a complimentary education and clinical support platform for doctors, nurse practitioners, and pharmacists to support safe and informed prescribing of medicinal cannabis.

Product and service5 records
1MedReleaf medicinal cannabis products
CategoryMedicinal cannabis pharmaceutical products
Description

Primary brand of medicinal cannabis products distributed by MedReleaf Australia through pharmacy networks across Australia, targeting patients with valid prescriptions from authorised prescribers.

2IndiMed medicinal cannabis products
CategoryMedicinal cannabis pharmaceutical products
Description

Sub-brand of medicinal cannabis products offered within the MedReleaf Australia portfolio, targeting Australian patients through pharmacy dispensing channels.

3Aurora medicinal cannabis products
CategoryMedicinal cannabis pharmaceutical products
Description

Global medicinal cannabis brand distributed by MedReleaf Australia, originally developed by parent company Aurora Cannabis Inc. and made available to Australian patients through pharmacy networks.

4Whistler Cannabis Co. products
CategoryMedicinal cannabis pharmaceutical products
Description

Cannabis brand available through MedReleaf Australia's distribution network to Australian pharmacies and patients.

5MedReleafED clinical education platform
CategoryClinical education and training services
Description

Clinical education platform offering complimentary clinical support, training, webinars, and educational resources for doctors, nurse practitioners, and pharmacists on medicinal cannabis prescribing and dispensing in Australia.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeChannel Partner/ Reseller/ DistributorAnnounced on2026-03-17
Description

Commercial distribution agreement with Vitura Health (ASX: VIT) to make MedReleaf's full suite of medicinal cannabis products available on Vitura's Canview online platform, distributed through the Burleigh Heads Cannabis nationwide network. Vitura estimates the deal could contribute up to $15 million in additional annual revenue.

Strategic tierCoreTypeOEM/ Whitelabel/ Licensing Partner
Description

MedReleaf is a wholly owned subsidiary of Canadian-based Aurora Cannabis. Products are offered under brands including MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Environmental partnership where MedReleaf Australia has partnered with CleanHub to offset a portion of plastic use by funding the collection of plastic waste to prevent it from polluting oceans.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Pharmacy wholesaler with which MedReleaf Australia has established a storage and distribution agreement for CSO (Controlled Substances Operator) operations.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

ASX-listed Australian medicinal cannabis cultivator and distributor. Operates in the same TGA-regulated market, supplying prescribers and pharmacies with cannabinoid medicines — directly comparable in product category, customer base, and regulatory environment.

TypeDirect peer
Description

ASX-listed Australian medicinal cannabis producer and supplier. Competes in the same regulated channel — TGA-approved cultivation, B2B supply to pharmacies and prescribers — with overlapping customer segments.

TypeDirect peer
Description

Australian medicinal cannabis company distributing via pharmacy networks and providing prescriber education. Closely comparable business model targeting doctors, nurse practitioners, and pharmacists in Australia.

TypeDirect peer
Description

ASX-listed medicinal cannabis and CBD wellness company. Targets overlapping prescriber and pharmacy channels with cannabis-based therapeutic products, competing in the same clinical segment.

TypeDirect peer
Description

ASX-listed clinical-stage cannabinoid and psychedelic medicine developer. Operates in the Australian medicinal cannabis regulatory framework and targets similar prescriber and pharmacy customers.

TypeDirect peer
Description

ASX-listed Australian medicinal cannabis cultivator and manufacturer. Distributes TGA-compliant products to the same pharmacy and prescriber network as MedReleaf.

TypeDirect peer
Description

Clinical-stage cannabinoid medicine company listed on the ASX. Competes in the same Australian medicinal cannabis regulatory and distribution environment targeting prescribers.

TypeBroad incumbent
Description

ASX-listed parent of the Canview platform and Burleigh Heads Cannabis network — MedReleaf's primary distribution partner. A broader cannabis healthcare company with overlapping exposure to the Australian pharmacy channel and a wider product portfolio including non-cannabis wellness lines.

TypeBroad incumbent
Description

NYSE/TSX-listed global cannabis operator and MedReleaf Australia's parent. Directly comparable product portfolio (medical cannabis brands) and operates at much larger scale across multiple international markets.

TypeEmerging player
Description

Australian medicinal cannabis platform connecting patients, prescribers, and pharmacies. Comparable in channel and customer focus, but operates a more vertically integrated patient-acquisition model rather than a wholesale distribution approach.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

MedReleaf Australia

Medicinal Cannabis Pharmaceuticalsmedreleafaustralia.com.au

MedReleaf Australia distributes a portfolio of TGA-compliant medicinal cannabis products under multiple brands to Australian pharmacies and prescribers, operating as a wholly-owned subsidiary of Aurora Cannabis and supported by the MedReleafED prescriber education platform.

What MedReleaf Australia does

MedReleaf Australia (legal entity Indica Industries Pty Ltd) is a Brisbane-based pharmaceutical company that distributes a portfolio of medicinal cannabis products to Australian pharmacies and healthcare professionals. Founded in 2016 and operating as a wholly-owned subsidiary of Canadian-listed Aurora Cannabis Inc. (NYSE: ACB), the company offers products under the MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co. brands. Its stated technology footprint is the MedReleafED education portal, a free clinical-support and training resource for doctors, nurse practitioners, and pharmacists, which functions as the primary demand-generation and prescriber-engagement layer.

The business operates on a B2B distribution model rather than direct-to-patient. Revenue is generated by supplying TGA-compliant medicinal cannabis products through pharmacy wholesalers and an online distribution platform. Distribution is handled through three principal channels: Vitura Health's Canview platform (reaching approximately 4,700 Australian pharmacies via the Burleigh Heads Cannabis network), Symbion Pty Ltd as a CSO wholesaler for controlled-substance logistics, and the broader Burleigh Heads Cannabis pharmacy network. Pricing is not publicly disclosed and is gated behind MedReleafED registration.

Customer segments are prescribers (doctors, nurse practitioners) and pharmacists, with patients as the end consumer. The company monetizes primarily through product sale margins on medicinal cannabis, with a secondary go-to-market investment in prescriber education and clinical support services. The most material recent commercial lever is the March 2026 Vitura Health distribution agreement, projected by Vitura to contribute up to AUD $15 million in additional annual revenue subject to demand and regulatory conditions.

MedReleaf Australia firmographics

Firmographics
Name
MedReleaf Australia
Legal name
Indica Industries Pty Ltd t/as MedReleaf Australia
Website
https://medreleafaustralia.com.au
Company type
Private
Founded year
2016
Operating status
Operating
Headcount range
11–50 employees
Short description
MedReleaf Australia distributes a portfolio of TGA-compliant medicinal cannabis products under multiple brands to Australian pharmacies and prescribers, operating as a wholly-owned subsidiary of Aurora Cannabis and supported by the MedReleafED prescriber education platform.
Ownership category
akta.pro rank

MedReleaf Australia industry classification

Industry
Product category
Medicinal Cannabis Pharmaceuticals
NAICS
Pharmacies and Drug Retailers (456110), Medicinal and Botanical Manufacturing (325411)
SIC
Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)
akta.pro primary industry
Cannabis Dispensary + Pharmacy/Clinical Model (Patient Services) (CRANAFAI)
akta.pro secondary industries
Medical Cannabis Delivery & Online Ordering (CRANAGAG), Cannabis Dispensary + Delivery/Online Pickup (Omnichannel Retail) (CRANAFAG)

Keywords

  • Medicinal cannabis
  • Pharmaceutical distribution
  • Cannabis education
  • Pharmacy wholesale
  • TGA-approved cannabis

Where MedReleaf Australia is headquartered

Location

Headquarters

HQ city
Coorparoo
HQ country
Australia
HQ region
Oceania

Offices1 record

Markets served

MedReleaf Australia business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Medicinal Cannabis Products: MedReleaf Australia generates revenue through the sale of medicinal cannabis products under brands including MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co. Products are distributed to pharmacies through distribution partners.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

MedReleaf Australia product offering

Product offering

Core offering

MedReleaf Australia distributes a portfolio of TGA-compliant medicinal cannabis products under the brands MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co. to Australian pharmacies and healthcare professionals. The company supplements its product distribution with the MedReleafED education platform, which provides complimentary clinical training, webinars, and prescribing support to doctors, nurse practitioners, and pharmacists nationwide.

Product overview

MedReleaf Australia is a pharmaceutical company offering a portfolio of medicinal cannabis products under multiple brands (MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co.), distributed through pharmacy networks across Australia. The company operates primarily as a business-to-business entity, supplying medicinal cannabis to healthcare professionals and pharmacies rather than directly to patients. Alongside its product portfolio, MedReleaf Australia provides MedReleafED, a complimentary education and clinical support platform for doctors, nurse practitioners, and pharmacists to support safe and informed prescribing of medicinal cannabis.

Differentiator

Problem solved

Functional benefit

Brands

  • MedReleaf: Primary brand for medicinal cannabis products
  • IndiMed
  • Aurora
  • Whistler Cannabis Co.
  • MedReleafED
  • Canview

Products and services

  • MedReleaf medicinal cannabis products Primary brand of medicinal cannabis products distributed by MedReleaf Australia through pharmacy networks across Australia, targeting patients with valid prescriptions from authorised prescribers.
  • IndiMed medicinal cannabis products Sub-brand of medicinal cannabis products offered within the MedReleaf Australia portfolio, targeting Australian patients through pharmacy dispensing channels.
  • Aurora medicinal cannabis products Global medicinal cannabis brand distributed by MedReleaf Australia, originally developed by parent company Aurora Cannabis Inc. and made available to Australian patients through pharmacy networks.
  • Whistler Cannabis Co. products Cannabis brand available through MedReleaf Australia's distribution network to Australian pharmacies and patients.
  • MedReleafED clinical education platform Clinical education platform offering complimentary clinical support, training, webinars, and educational resources for doctors, nurse practitioners, and pharmacists on medicinal cannabis prescribing and dispensing in Australia.

Companies that use MedReleaf Australia

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles2 records

MedReleaf Australia technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

MedReleaf Australia partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • Vitura HealthcoreChannel Partner/ Reseller/ Distributor · 17 March 2026Commercial distribution agreement with Vitura Health (ASX: VIT) to make MedReleaf's full suite of medicinal cannabis products available on Vitura's Canview online platform, distributed through the Burleigh Heads Cannabis nationwide network. Vitura estimates the deal could contribute up to $15 million in additional annual revenue.
  • Aurora CannabiscoreOEM/ Whitelabel/ Licensing PartnerMedReleaf is a wholly owned subsidiary of Canadian-based Aurora Cannabis. Products are offered under brands including MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co.
  • CleanHubminorStrategic or Co-development PartnerEnvironmental partnership where MedReleaf Australia has partnered with CleanHub to offset a portion of plastic use by funding the collection of plastic waste to prevent it from polluting oceans.
  • Symbion Pty LtdcoreChannel Partner/ Reseller/ DistributorPharmacy wholesaler with which MedReleaf Australia has established a storage and distribution agreement for CSO (Controlled Substances Operator) operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

MedReleaf Australia competitors and assessment

Company assessment

Direct peers

  • Little Green Pharma: ASX-listed Australian medicinal cannabis cultivator and distributor. Operates in the same TGA-regulated market, supplying prescribers and pharmacies with cannabinoid medicines — directly comparable in product category, customer base, and regulatory environment.
  • Cann Group: ASX-listed Australian medicinal cannabis producer and supplier. Competes in the same regulated channel — TGA-approved cultivation, B2B supply to pharmacies and prescribers — with overlapping customer segments.
  • Althea Group: Australian medicinal cannabis company distributing via pharmacy networks and providing prescriber education. Closely comparable business model targeting doctors, nurse practitioners, and pharmacists in Australia.
  • Bod Australia: ASX-listed medicinal cannabis and CBD wellness company. Targets overlapping prescriber and pharmacy channels with cannabis-based therapeutic products, competing in the same clinical segment.
  • Incannex Healthcare: ASX-listed clinical-stage cannabinoid and psychedelic medicine developer. Operates in the Australian medicinal cannabis regulatory framework and targets similar prescriber and pharmacy customers.
  • ECS Botanics: ASX-listed Australian medicinal cannabis cultivator and manufacturer. Distributes TGA-compliant products to the same pharmacy and prescriber network as MedReleaf.
  • Zelira Therapeutics: Clinical-stage cannabinoid medicine company listed on the ASX. Competes in the same Australian medicinal cannabis regulatory and distribution environment targeting prescribers.

Broad incumbents

  • Vitura Health: ASX-listed parent of the Canview platform and Burleigh Heads Cannabis network — MedReleaf's primary distribution partner. A broader cannabis healthcare company with overlapping exposure to the Australian pharmacy channel and a wider product portfolio including non-cannabis wellness lines.
  • Aurora Cannabis: NYSE/TSX-listed global cannabis operator and MedReleaf Australia's parent. Directly comparable product portfolio (medical cannabis brands) and operates at much larger scale across multiple international markets.

Emerging players

  • Montu: Australian medicinal cannabis platform connecting patients, prescribers, and pharmacies. Comparable in channel and customer focus, but operates a more vertically integrated patient-acquisition model rather than a wholesale distribution approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

MedReleaf Australia social profiles

Digital presence

MedReleaf Australia financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MedReleaf Australia leadership team

Management profile

Number of profiles

Profiles5 records

MedReleaf Australia funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

MedReleaf Australia M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MedReleaf Australia

What does MedReleaf Australia do?

MedReleaf Australia distributes a portfolio of TGA-compliant medicinal cannabis products under the brands MedReleaf, IndiMed, Aurora, and Whistler Cannabis Co. to Australian pharmacies and healthcare professionals. The company supplements its product distribution with the MedReleafED education platform, which provides complimentary clinical training, webinars, and prescribing support to doctors, nurse practitioners, and pharmacists nationwide.

Is MedReleaf Australia a public or private company?

MedReleaf Australia is a private company. It is classified as corporate owned and is currently operating.

When was MedReleaf Australia founded?

MedReleaf Australia was founded in 2016. It employs 11 to 50 people.

Where is MedReleaf Australia based?

MedReleaf Australia is headquartered in Coorparoo, Australia, in the Oceania region.

How does MedReleaf Australia make money?

One revenue line is on record: medicinal Cannabis Products.

Who are MedReleaf Australia's main competitors?

Direct peers on record are Little Green Pharma, Cann Group, Althea Group, Bod Australia, Incannex Healthcare, ECS Botanics and Zelira Therapeutics. Broad incumbents are Vitura Health and Aurora Cannabis. Montu is listed as an emerging player.

Does MedReleaf Australia have an API?

No public API is recorded for MedReleaf Australia.

What industry is MedReleaf Australia in?

MedReleaf Australia's product category is Medicinal Cannabis Pharmaceuticals. Its primary akta.pro industry code is CRANAFAI, Cannabis Dispensary + Pharmacy/Clinical Model (Patient Services), with a secondary code of CRANAGAG, Medical Cannabis Delivery & Online Ordering. Its NAICS code is 456110 and its SIC code is 5122.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
PR NewswireAurora Announces Distribution Partnership with Leafio AustraliaAurora Cannabis Inc., through its subsidiary MedReleaf Australia, has entered into a distribution partnership with Leafio, the wholesale arm of Montu Australia. This agreement allows Leafio to distribute Aurora's medical cannabis products across Australia via its network of over 4,000 pharmacies, aiming to expand patient access and support healthcare professionals.PR NewswireAurora Improves Offerings in Australia with New Range of Premium Dried Flower ProductsAurora Cannabis Inc., in conjunction with its subsidiary MedReleaf Australia, has launched a new range of premium dried cannabis flower products for patients in Australia, including proprietary cultivars Black Jelly, Chemango Kush, Moon Berry, and relaunched Vespera. The products are manufactured at Aurora's EU-GMP and TGA-GMP certified facility and distributed by MedReleaf Australia, which holds the second position in the Australian medical cannabis market. The expansion aims to provide patients with more affordable options and novel cultivars, leveraging 2.0 genetics for sustainable large-scale cultivation.Pulse 2.0Why Aurora Cannabis Is Buying MedReleaf Australia USAAurora Cannabis acquired the remaining ~90% equity of MedReleaf Australia for AUD$50 million, paying AUD$9.45 million in cash and issuing shares. MedReleaf holds the #2 spot in Australia's AUD$400 million market, and the deal is expected to be accretive, supporting Aurora's plan to achieve positive free cash flow in 2024.CannabisbusinesstimesAurora Cannabis Acquires MedReleaf AustraliaAurora Cannabis Inc. has acquired the remaining 90% equity interest of MedReleaf Australia (Indica Industries Pty Ltd) for an enterprise value of AUD$50 million, combining cash and stock consideration. The transaction is expected to be immediately accretive to Adjusted EBITDA and accelerate Aurora's plan to generate positive free cash flow in calendar 2024. This move solidifies Aurora's position as the largest global medical cannabis company operating in nationally legal markets.MjbizdailyAurora Cannabis buys MedReleaf Australia in bigger bet on medicalAurora Cannabis acquired the remaining 90% equity interest in MedReleaf Australia for AU$50 million to expand its presence in the federally regulated medical cannabis market. The company also reported a net loss of CA$25.2 million for Q3 2023, which was a 60% improvement year-over-year, alongside a 16% growth in medical cannabis sales.PR NewswireAurora Cannabis Acquires MedReleaf AustraliaAurora Cannabis acquired the remaining 90% equity interest of MedReleaf Australia for an enterprise value of AUD$50 million, combining cash and stock consideration. This transaction strengthens Aurora's position in the Australian medical cannabis market, which is valued at approximately AUD$400 million, and is expected to be immediately accretive to Adjusted EBITDA.PR NewswireAurora and MedReleaf Australia Launch new Medical Cannabis Brand - CraftPlantAurora Cannabis Inc. and MedReleaf Australia announced the launch of CraftPlant, a new medical cannabis brand offering three THC-dominant strains to patients in Australia. The products are developed by Aurora's genetics business, Occo, and produced under EU-GMP certified conditions. This launch expands MedReleaf's portfolio to 27 products for Australian doctors and patients.