PE-funded Aurora Cannabis to buy CanvasRx Holdings
Aurora Cannabis Inc (CSE: ACB) has agreed to acquire CanvasRx Holdings Inc, a Toronto-based medical cannabis patient outreach service. Under the terms of the deal, Vancouver's Aurora, a medical marijuana producer, will buy all of CanvasRx's issued and outstanding shares for up to $37.5 million. The company also announced its close of a private placement transaction, generating gross proceeds of $23 million, which will help fund the acquisition. Earlier this year, Aurora secured an equity facility of up to $5 million from Alumina Partners, a U.S. private equity firm.
10 August 2016•4 mins read
