Aurora Cannabis Inc. has put ones john hancock oned a deal to buy Whistler Medical Marijuana Corp. in an all-stock deal merit up to $175 million, including certain milestone payments.
Edmonton-based Aurora suggests the acquisition of the privately held company is expected to provide it with a cortege of premium and organic certified products.
Whistler operates two indoor approved production facilities, include one in Whistler, B.C., and another a short drive from the look to town.
Once the second location reaches full capacity, the facilities are expected to fool a combined production capacity of over 5,000 kilograms per year.
The do business is subject to customary closing conditions, as well as third party and regulatory approvals.
Allocates in Aurora closed at $8.47 on the Toronto Stock Exchange on Friday.