Aurora Cannabis buying stake in Dutch company Growery, to provide secured loan

The symbol for Aurora Cannabis appears above a trading post on the floor of the New York Stock Exchange on Oct. 23, 2018. it has signed a deal to invest in a significant equity stake in Growery B.V., a Netherlands-based company that holds a license to participate in the country's controlled cannabis supply chain experiment.

Aurora says the deal is structured such that it intends to invest an immaterial cash amount of which a portion is due and payable upfront and the remainder dependent on Growery achieving certain milestones. It will also provide a secured loan to Growery to build a facility, fund early operations and provide technical and operational help through its Netherlands-based research facility for medical cannabis.

Aurora CEO Miguel Martin says the Netherlands is expected to be the largest nationally regulated recreational market outside of Canada.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Health-care company cuts ties with Packers QB Aaron RodgersA Wisconsin health-care organization has ended a nine-year partnership with Green Bay Packers star Aaron Rodgers after the quarterback detailed his reasoning for avoiding the three COVID-19 vaccinations endorsed by the NFL.
Source: CTVNews - 🏆 1. / 99 Read more »