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Money Aurora signs deal for European joint venture

19:27  04 january  2018
19:27  04 january  2018 Source:   msn.com

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EDMONTON— Aurora Cannabis Inc. has signed a deal to form a joint venture with European greenhouse vegetable company Alfred Pedersen & Son (APS). Under the deal , Aurora will own a 51-per-cent interest in Aurora Nordic Cannabis A/S, based in Odense, Denmark.

Sign In/Register. Under the deal , Aurora will own a 51 per cent interest in Aurora Nordic Cannabis A/S, based in Odense, Denmark. Under the terms of the joint venture , the companies intend to fund construction through a combination of conventional, non-dilutive financing and direct investment by

EDMONTON - Aurora Cannabis Inc. has signed a deal to form a joint venture with European greenhouse vegetable company Alfred Pedersen & Son (APS).

a close up of a flower garden© Provided by thecanadianpress.com

Under the deal, Aurora (TSX:ACB) will own a 51 per cent interest in Aurora Nordic Cannabis A/S, based in Odense, Denmark.

APS received its license to grow cannabis from Denmark's Medicines Agency effective Jan. 1.

The joint venture will focus on the cultivation and sales of cannabis in Denmark, Sweden, Norway, Finland and Iceland.

Aurora Nordic plans to build a 93,000-square-metre automated cannabis production facility.

Under the terms of the joint venture, the companies intend to fund construction through a combination of conventional, non-dilutive financing and direct investment by Aurora and APS.

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