Aurora Cannabis Increases Cornerstone Investment in Cannabis Retailer Choom with Additional $20,000,000

CANADA: Aurora Cannabis and Choom Holdings, an emerging adult use cannabis company that has secured one of the largest retail networks in Canada, have announced that the companies have completed a non-brokered private placement of a debenture in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom at a conversion price of $1.25 per Common Share, with a Read the full article…

Aurora Cannabis Increases Stake In Hempco To 35%

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…

Metro Cannabis Sues Aurora After Being Denied Retail Marijuana License For Cannamart

COLORADO:  The city of Aurora “manipulated the process” of selecting who would receive a license to sell recreational marijuana in the city, according to a lawsuit filed Tuesday by a business owner who was denied a license. In the suit, Metro Cannabis, which sought to open a recreational pot shop called Cannamart, claims that Aurora Read the full article…

First Aurora Recreational Marijuana Shop, Euflora, To Open Monday

COLORADO:  Aurora‘s first recreational marijuana shop is set to open Monday morning. Euflora, on the 6000 block of South Gun Club Road, is planning a soft opening for 10 a.m. The city, which began allowing recreation sales on Oct. 1, has issued 21 licenses for the shops starting at the end of August. Aurora approved recreational sales in Read the full article…