Advertisement
Cannabis

Aurora Cannabis buying Whistler Medical Marijuana in deal worth up to $175M

WATCH ABOVE: A new industry opened its doors in October 2018 and a facility in Edmonton's backyard could be a big legal cannabis supplier. Vinesh Pratap got a look inside Aurora Sky.

Aurora Cannabis Inc. has signed a deal to buy Whistler Medical Marijuana Corp. in an all-stock deal worth up to $175 million, including certain milestone payments.

Edmonton-based Aurora says the acquisition of the privately held company is expected to provide it with a suite of premium and organic certified products.

Whistler operates two indoor licensed production facilities, include one in Whistler, B.C., and another a short drive from the resort town.

READ MORE: Aurora Cannabis to acquire Mexican company following partnership deal

Once the second location reaches full capacity, the facilities are expected to have a combined production capacity of over 5,000 kilograms per year.

The deal is subject to customary closing conditions, as well as third party and regulatory approvals.

Story continues below advertisement

Shares in Aurora closed at $8.47 on the Toronto Stock Exchange on Friday.

READ MORE: Aurora Cannabis ramping up production but recreational pot shortages will likely linger

Global News Redesign Global News Redesign
A fresh new look for Global News is here, tell us what you think
Take a Survey

Sponsored Stories