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Aurora Cannabis Closes on Its Acquisition of Hempco Food and Fiber [The Motley Fool]

Aurora Cannabis, Inc (ACB)  More Company Research Source: The Motley Fool
PDF Aurora Cannabis Closes on Its Acquisition of Hempco Food and Fiber | The Motley Fool Aurora Cannabis Closes on Its Acquisition of Hempco Food and Fiber The leading marijuana producer is advancing its beachhead in hemp-based CBD. ( TMFGuardian Follow @@TierInvestor NYSE:ACB The marijuana titan announced on Monday that it completed its acquisition of Hempco Food and Fiber. As part of the deal, Aurora acquired all of Hempco's outstanding shares it didn't already own for approximately $. million Canadian. Hempco will now operate as a wholly owned subsidiary of Aurora. Hempco is a provider of hemp-based foods, fiber, and nutraceuticals. Its brands include Planet Hemp food products and Praise nutritional supplements for animals. Aurora Cannabis is strengthening its hemp business with its purchase of Hempco Food and Fiber. Image source: Getty Images. Yet Hempco's primary allure for Aurora is its ability to produce high volumes of low-cost raw hemp, from which cannabidiol (CBD) can be extract [Read more]
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