Aurora Cannabis Increases Stake In Hempco To 35%

This amended license brings the Company one step closer to increasing its global presence as the prominent industry leader in cannabis innovation, production, and distribution of high-demand cannabis strains.

CANADA: Aurora Cannabis and Hempco Food and Fiber announced that Aurora has exercised 10,558,676 warrants to purchase common shares of Hempco for total proceeds of $4.3 million to Hempco. Consequent the warrant exercise, Aurora now owns 21,117,352 Hempco common shares, reflecting an ownership interest of approximately 35%. “With this further investment by Aurora we are now very well capitalized Read the full article…

Investment Firm That Specializes In Marijuana Businesses Opens Local Office

"We are fortunate to be an early entrant in the legal cannabis capital markets, which allows us to seek and fund the best proven companies in the cannabis space," said Kevin Gillespie of First Harvest Financial, in a statement.

ILLINOIS: A private equity fund management firm that specializes in investments in marijuana-related businesses is opening a Chicago office. First Harvest Financial said it’s opening an office at the Chicago Board of Trade Building, 141 West Jackson Blvd., to fund companies in the medical cannabis market. “We are fortunate to be an early entrant in the Read the full article…