Aurora Cannabis to Acquire Stake in Netherlands-Based Growery
08 Novembro 2021 - 09:47AM
Dow Jones News
By Adriano Marchese
Aurora Cannabis Inc. said Monday that it will invest in
Netherlands-based Growery BV for an undisclosed sum.
The company said the investment is structured in a way that
Aurora will invest an immaterial cash amount up front, as well as a
portion dependent on Growery achieving certain milestones.
Additionally, Aurora will provide a secured loan to Growery to
build a new facility as well as fund early operations and provide
technical and operational support, the company said.
Growery is one of a few license holders that can participate in
what the Dutch government calls its controlled cannabis
supply-chain experiment, which is scheduled to be in effect for a
minimum of four years, Aurora said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 08, 2021 07:32 ET (12:32 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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