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0 0 0.0029182879377433 0.0019455252918288 0.0116731517509728 0.0116731517509728 -0.0214007782101167 0.0140077821011673
Stock impact report

Orchids, veggies and beer: pot producers pivot in tough market [BNN Bloomberg (Canada)]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: BNN Bloomberg
Hundreds of trays of tomato seedlings stretched away under the glow of LED lights. Baskets of blossoming flowers hung from the rafters. And the company was convinced it already had its next big product line: orchids. Martin is CEO of Aurora Cannabis Inc. and may have seemed like an unlikely buyer for Bevo, an agriculture stalwart still run by the Dutch family that founded it in 1986. But it was a good match: the Edmonton-based pot giant already had the hulking, temperature-controlled greenhouses Bevo needed to expand, while for Aurora, Bevo's stability would provide some reprieve from the volatile weed industry. "It's a company that makes money. It's a company that's growing," Martin said in a September interview, a year after Aurora bought a 50.1 per cent stake in Bevo for $45 million. "It's a company that's not broken. It doesn't need us to do everything for them." In the cannabis world, where facility closures, layoffs and multimillion-dollar writedowns have become the nor Show less Read more
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