Acquisitions to help Aurora gear up for Canada’s home grow MJ market

420Patients.com is accepting qualified medical marijuana patients and caregivers to join our network. We value every registered member and we hope to serve you in Arizona. This article brought to you by 420 community friends mmjbusinessdaily.com

Aurora Cannabis has purchased two companies as part of its strategy to tap Canada’s rapidly growing market for patients who cultivate their own medical marijuana and ultimately for consumers who choose to grow their own cannabis after recreational legalization takes effect next summer.

Aurora, traded as ACB on the Toronto Stock Exchange, is shelling out 3.9 million Canadian dollars ($3.1 million) in cash to acquire BC Northern Lights Enterprises and Urban Cultivator, both based in British Columbia.

The transactions also involve CA$500,000 worth of Aurora common shares and warrants and potentially another CA$4 million, based on performance milestones

Acquisitions to help Aurora gear up for Canada’s home grow MJ market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Leave a Reply

Skip to toolbar