Aurora Cannabis Inc (ACB)

[NYOptionsGuy]

Aurora Involved in $1.9 MM Lawsuit - Here's Their Side

SOURCE: https://www.dailymarijuanaobserver.com/single-post/2017/12/05/ACB-ACBFF-Aurora-Involved-in-19-MM-Stock-Option-Lawsuit

According to an article published yesterday on Stockwatch, Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF) is "a defendant in a lawsuit filed in the Supreme Court of British Columbia over a stock option allegedly worth $1.9-million."

The article alleges that Electrum Partners LLC of Las Vegas, Nevada entered into a consulting agreement with Aurora on March 16, 2015 where "as part of that agreement it received an option to buy 300,000 shares of Aurora at 39 cents."

The consulting agreement terminated after a year, but the option was to be exercisable for five years, or until March 16, 2020, according to Electrum. Apparently, Electrum sent a $117,000 check to Aurora which represents the full amount, but then "Aurora advised both orally and in writing that it was repudiating the stock option."

REST OF ARTICLE: https://www.dailymarijuanaobserver.com/single-post/2017/12/05/ACB-ACBFF-Aurora-Involved-in-19-MM-Stock-Option-Lawsuit