Aurora Cannabis Hempco

Aurora Cannabis (NYSE: ACB) announced that it had entered a binding letter of agreement to acquire Hempco Food and Fiber Inc. (TSXV: HEMP). Under the agreement, Aurora will pay C$63.4 million or US$1.04 per share to purchase Hempco. This is not the first hemp company that Aurora has acquired. Last year, Aurora purchased Agropro and Borela and ICC Labs. Aurora hopes to leverage these acquisitions to help the company position itself as a global leader in hemp and CBD products.