According to Business Insider, on Monday The marijuana producer Cronos Group announced that it has sold all its entire 19% stake in Whistler Medical Marijuana to rival Aurora Cannabis.
Aurora issued shares to pay approximately 175 million Canadian dollars ($131.4 million) for the stake, which is subject to certain working capital adjustments and holdbacks.
Cronos issued a statement saying it has received about 2.5 million Aurora shares worth about 24.6 million Canadian dollars and will receive another 7.6 million Canadian dollars upon reaching certain milestones.
https://markets.businessinsider.com/news/stocks/weed-cronos-sells-whistler-medical-marijuana-stake-aurora-cannabis-2019-3-1028001586
http://www.wochit.com
Aurora issued shares to pay approximately 175 million Canadian dollars ($131.4 million) for the stake, which is subject to certain working capital adjustments and holdbacks.
Cronos issued a statement saying it has received about 2.5 million Aurora shares worth about 24.6 million Canadian dollars and will receive another 7.6 million Canadian dollars upon reaching certain milestones.
https://markets.businessinsider.com/news/stocks/weed-cronos-sells-whistler-medical-marijuana-stake-aurora-cannabis-2019-3-1028001586
http://www.wochit.com
This video was produced by YT Wochit Business using http://wochit.com