Aurora Cannabis Invests an Additional $20M in Cannabis Retailer Choom

Aurora Cannabis Inc. ("Aurora") (TSX:ACB) (OTCQB:ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Choom Holdings Inc. ("Choom") (CSE:CHOO, OTCQB:CHOOF) ( "Choom") an emerging adult use cannabis company that has secured one of the largest retail networks in Canada, are pleased to announce that the companies have completed a non-brokered private placement of a debenture (the "Offering") in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom ("Common Shares") at a conversion price of $1.25 per Common Share, with a four year maturity date. Aurora has also secured the right to acquire up to 40% of the Company at $2.75 per Common Share. 


Image
igniteit
November 5, 2018 • 12:18 pm
Share: