Aurora sold its shares in The Green Organic Dutchman (TGOD) for 86.five million Canadian dollars ($64.9 million).
Final year, for instance, Aurora acquired two Lithuanian hemp producers – Agropro UAB and its sister firm, Borela UAB.
The sale of TGOD, which gave Aurora an approximate return of 50% on its initial investment, involved 28.eight million shares, or about 10.five% of the firm.
Regardless of no longer holding any shares in TGOD, Aurora does retain ownership of warrants enabling it to buy up to 16.67 million shares in the firm.
Aurora mentioned its January buy of Whistler Healthcare Marijuana created its interest in TGOD much less strategic.
Edmonton, Alberta-primarily based Aurora trades as ACB on the New York Stock Exchange and the Toronto Stock Exchange. The Green Organic Dutchman trades on the Canadian Securities Exchange as TGOD.
For evaluation and in-depth appears at the investment trends and offers driving the cannabis business forward, sign up for our premium subscription service, Investor Intelligence.
Subscribe to our Newsletter