Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF), today announced that it has completed its previously announced distribution of Australis shares and warrants (the "Distribution"). The distribution was completed on September 19, 2018, and the Australis shares and warrants will commence trading on the CSE under the symbol "AUSA" effective at the market open today.
Cannabis stocks are getting a ton of attention after Tilray (TLRY) has surged to record highs. This rally has attracted negative attention and we are closely monitoring how the sector trades from here.
Today, we want to highlight 3 Canadian cannabis producers that are generating more revenue than Tilray and that are worth watching.
Canopy Growth: A Leading Global Cannabis Company
Australis Capital Inc. is pleased to announce that the Company has entered into a non-binding letter of intent (the "LOI") to acquire 100% of the outstanding shares of Rthm Technologies Inc. ("Rthm"), the # 1 health app in 26 countries, in exchange for cash and common shares in the capital of the Company (the "Acquisition").
The legal cannabis market represents a significant opportunity and the increased increase from beverage companies (alcoholic and non-alcoholic) has been a catalyst for the entire sector.
The increased interest from beverage companies has led to an influx of questions from our readers and today, we want to highlight 5 companies that represent potential acquisition targets.
Aurora Cannabis: An Acquisition Target
Australis Capital Inc. is pleased to announce the Company has entered into a non-binding letter of intent (the "LOI") to purchase a 15% equity interest (the "Share Purchase") in the capital of Wagner Dimas Inc. from Cannroy Delware Inc., the current registered and beneficial owner of such interest, and a wholly-owned subsidiary of Cannaroyalty Corp.
Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) today announced that it has acquired Europe's largest producer, processor and supplier of certified organic hemp and hemp products, Agropro UAB ("Agropro"), as well as hemp processor and distributor Borela UAB ("Borela").