Aurora Cannabis

Aurora Cannabis has announced that it has acquired Europe’s largest producer, processor and supplier of certified organic hemp and hemp products, Agropro UAB (Agropro), and its sister company Borela UAB (Borela), a processor and distributor of hemp. Currently, Agropro and Borela have 1,600 hectares under contract; which has a potential yield of more than one million kilograms of organic hemp when combined with additional contracts available to expand to more than 3,000 hectares across Lithuania, Latvia, Estonia, and Poland. Under the agreement, Aurora purchased 100% of issued and outstanding shares of both Agropro and Borela, for a total of €5.36 million (C$8.1 million) in cash and common shares of Aurora valued at €960,000 (C$1.4 million).