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One of Canada’s few licensed medical marijuana producers, Aurora Cannabis, said it has secured a $5 million equity investment from a New York-based investment firm, Alumina Partners
The deal calls for Alumina to purchase $5 million in shares and warrants from Aurora, a publicly traded company on the Canadian Securities Exchange under the ticker symbol ACB.
In a news release, Aurora said the deal will give it “financial flexibility and unilateral control over the financing of its working capital requirements, and provide access to capital.”
Aurora already operates a 55,200-square-foot cultivation facility in Alberta, and the deal suggests the company has