Aurora Cannabis (NYSE: ACB) to acquire Farmacias Magistrales following partnership deal
Aurora Cannabis (NYSE: ACB) to acquire Farmacias Magistrales following partnership deal
Aurora Cannabis (NYSE: ACB) to acquire Farmacias Magistrales following partnership deal – RICH TV LIVE – DECEMBER 10, 2018 – Aurora Cannabis Inc. has signed a deal to acquire Mexican company Farmacias Magistrales.
The deal to buy the pharmaceutical manufacturer and distributor follows an agreement last week that saw Aurora partner with the company.
It says Farmacias recently became Mexico’s first federally licensed importer of raw materials containing THC.
Aurora says Farmacias plans to use imported THC and CBD concentrates to produce various cannabis oil products for the medical market.
The price being paid was not immediately available, but Aurora says it will pay for the deal with Aurora shares, based on a valuation using revenue projections for Farmacias.
The agreement also includes a contingent portion of up to 25 per cent payable on the achievement of certain milestones over the next 12 months.
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Big rich dog is always bringing the news first and always keeps a positive vibe. Love it man keep up the great work buddy
It’s Hugh, thx Rich
Buyin it with shares…
I like the news but the dilution is concerning
this a worthy to buy with shares but at some point they need to stop that !!
Why wouldn’t they just buy them with cash instead of dilute the stock even more then it already is.
I don’t like how they bought it
with its shares.
Love the deal, but now the price of Aurora is down since it was announced 🙁 hopefully it will lead to a boost in the share price in the next 2 days
they should buy more american companies
Wow, this will dilute our shares even further. Will make it over 1 billion shares
Short term loss in share price but long term gains
2022- ACB $35 USD stock price
Thanks for breaking it down so quick!
I don’t care about diluted shares, they are trying to build the company from the ground up into a international player. SP will go up on revenues.
I feel like they are #1 and when the US opens up they will be there too immediately.
This is great news! I will watch and see quarterly reports go up along with their stock price. Excited to be in the company!
Stock dilution for present shareholders, and this is old news. No Rich, spend the cash to purchase companies, not by diluting shareholder value.
Rich, love the videos! Let’s go, Champ!
What do you think about Isodiol International Inc (ISOL)?
You have to be seriously go long for acb, this one is not for swing trading
ACB business model "be like Valeant" only legit. Lol