Hempco: 'A World-Class Portfolio': Aurora Closes Hempco Acquisition

Canadian cannabis company Aurora Cannabis Inc (NYSE: ACB) announced Monday that its acquisition of Hempco Food and Fiber Inc. has closed at a valuation of around CA$63.4 million ($47.4 million). What HappenedAurora announced in April that it would acquire the remaining interest in the provider of hemp-based foods, hemp fiber and hemp nutraceuticals. The acquired business will become a fully owned subsidiary of Aurora and its stock will be delisted from the TSX Venture Exchange.Aurora first invested in Hempco in 2017 to gain early exposure to the hemp-derived CBD market. Since then the ...Full story available on Benzinga.com