edmonton-based aurora: Cannabis seedlings are seen at the new Aurora Cannabis facility, Friday, November 24, 2017 in Montreal, according to The Toronto Star. Aurora Cannabis Inc. says it has signed a deal to acquire the remaining stake in Hempco Food and Fiber Inc. that it does not already own. Under a friendly agreement between the companies, Edmonton-based Aurora will pay the equivalent of 1.04 per Hempco share, payable in Aurora shares. Ryan Remiorz / THE CANADIAN PRESS Hempco shares closed at 91 cents on the TSX Venture Exchange on Monday, while Aurora shares closed at 11.37 on the Toronto Stock Exchange. Hempco provides Aurora with a low-cost, high-volume source of hemp for the extraction of CBD cannabidiol a substance with therapeutic properties that's also found in cannabis. Aurora already owns approximately a 52 per cent stake in Hempco, which makes hemp-based foods and nutritional supplements for people and animals.
(news.financializer.com). As
reported in the news.
Tagged under edmonton-based aurora, cannabis seedlings topics.