Don't Miss The World's #1 Executive Networking Event"
- story •
- 1 min read
Aurora Cannabis Announces Sale Of Remaining Shares In The Green Organic Dutchman Sale Of Non-Core Holdings Raises Gross Proceeds Of $86.5M
Aurora Cannabis Inc. ("Aurora or the "Company") ((NYSE, TSX:ACB), the Canadian company defining the future of cannabis worldwide, announced today that on September 3, 2019, Aurora disposed of its remaining 28,833,334 shares, representing 10.5% of the issued and outstanding shares of The Green Organic Dutchman Holdings Ltd ("TGOD"), at a price of $3.00 per share for aggregate gross proceeds of $86.5 million. The completion of the sale of TGOD shares represents an approximate 50% internal rate of return for the Company. As a result of this transaction, Aurora no longer holds any shares of TGOD, however does continue to hold warrants to purchase 16,666,667 shares of TGOD.
igniteit
September 4, 2019 • 11:21 am 