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Aurora Cannabis to Acquire Stake in Netherlands-Based Growery

By Adriano Marchese

 

Aurora Cannabis Inc. said Monday that it will invest in Netherlands-based Growery BV for an undisclosed sum.

The company said the investment is structured in a way that Aurora will invest an immaterial cash amount up front, as well as a portion dependent on Growery achieving certain milestones.

Additionally, Aurora will provide a secured loan to Growery to build a new facility as well as fund early operations and provide technical and operational support, the company said.

Growery is one of a few license holders that can participate in what the Dutch government calls its controlled cannabis supply-chain experiment, which is scheduled to be in effect for a minimum of four years, Aurora said.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

November 08, 2021 07:32 ET (12:32 GMT)

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