Aurora Cannabis (NASDAQ: ACB) rocked the boat on Aug. 25 when it announced that it had acquired a 50.1% stake in Bevo Agtech, a provider of vegetables, flowers, and houseplants. The unusual deal cost the Canadian cannabis cultivator 45 million Canadian dollars up front, and it's also on the hook for up to CA$12 million in milestone payments over the next three years, assuming Bevo continues to grow as planned. Now investors are debating whether the transaction changes much of anything for Aurora's stock over the next few years. Read More...
Aurora Cannabis (NASDAQ: ACB) rocked the boat on Aug. 25 when it announced that it had acquired a 50.1% stake in Bevo Agtech, a provider of vegetables, flowers, and houseplants. The unusual deal cost the Canadian cannabis cultivator 45 million Canadian dollars up front, and it’s also on the hook for up to CA$12 million in milestone payments over the next three years, assuming Bevo continues to grow as planned. Now investors are debating whether the transaction changes much of anything for Aurora’s stock over the next few years.
Add Comment