Hempco: Aurora To Boost CBD Supply Chain With Hempco Acquisition

Aurora Cannabis (NYSE: ACB) will acquire the remaining interest in Hempco Food and Fiber (TSX:HEMP-VN), which will allow the Canadian firm to expand its CBD production.Aurora announced on April 16 that it will pay C$63.4 million (1 Canadian dollar is valued at $0.75 U.S.) for the 48 percent of Hempco that it currently does not own, valued at C$1.04 per share.Hempco produces hemp-derived foods and consumer products. Importantly for Aurora, it will provide the company with economical access to high volumes of hemp to ...Full story available on Benzinga.com