16:04:21 EDT Wed 24 Apr 2024
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or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,020,378,291
Close 2019-09-03 C$ 7.57
Market Cap C$ 7,724,263,663
Recent Sedar Documents

Globe says Aurora sells TGOD share in block trade at $3

2019-09-04 08:35 ET - In the News

Also In the News (C-TGOD) Green Organic Dutchman Holdings Ltd (The)

The Globe and Mail reports in its Wednesday edition that Aurora Cannabis sold its share of Green Organic Dutchman Holdings after markets closed on Tuesday, ending the relationship between the two cannabis firms. The Globe's Mark Rendell and Tim Kiladze write that the $86.5-million sale, conducted as a block trade, was completed at $3 a share, a 14.5-per-cent discount to Green Organic's closing price of $3.51 on Tuesday. Aurora was an early backer of TGOD, investing $55-million in the Mississauga producer in January, 2018, and another $23-million in the company when it went public in May, 2018. The two firms, however, have been moving apart since September, 2018, when Aurora's chief corporate officer Cam Battley stepped down from TGOD's board without explanation. Shortly afterward, Aurora decided not to exercise TGOD warrants that would have given it a further 8- to 10-per-cent share of the company. The warrants were exercisable at a 10-per-cent discount to TGOD's 10-day average share price. Aurora has been steadily exiting its position in TGOD since then, selling roughly $35-million worth of TGOD shares in October, 2018, at prices between $5.02 and $5.87 per share. TGOD has struggled operationally, posting scant sales.

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