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Aurora Cannabis stock gains after company unveils plan to buy Mexican partner
Just days after Aurora Cannabis Inc. announced a supply deal with Mexico’s Farmacias Magistrales SA, the Canadian cannabis company said it has entered a letter of intent to buy all of the company’s outstanding shares in an all-stock deal.
Farmacias is Mexico’s first and, for now, only federally licensed importer of raw materials containing THC, the psychoactive ingredient in cannabis, Aurora ACB, -0.15% ACB, +1.18% said in a statement. The company has the licenses and facilities to store and distribute medical products with more than 1% THC.
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https://www.marketwatch.com/story/aurora...2018-12-10
Just days after Aurora Cannabis Inc. announced a supply deal with Mexico’s Farmacias Magistrales SA, the Canadian cannabis company said it has entered a letter of intent to buy all of the company’s outstanding shares in an all-stock deal.
Farmacias is Mexico’s first and, for now, only federally licensed importer of raw materials containing THC, the psychoactive ingredient in cannabis, Aurora ACB, -0.15% ACB, +1.18% said in a statement. The company has the licenses and facilities to store and distribute medical products with more than 1% THC.
...
https://www.marketwatch.com/story/aurora...2018-12-10
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