InvestorsHub Logo
Followers 800
Posts 118388
Boards Moderated 0
Alias Born 11/20/2004

Re: None

Tuesday, 05/22/2018 10:42:54 AM

Tuesday, May 22, 2018 10:42:54 AM

Post# of 7086
Here's an example of what can happen when a successful Canadian cannabis company makes an investment in a smaller US company today. CTTH went from .32 to $1.20 then settled back but GNCC has a much larger scenario for expansion.

Edmonton, AB, May 22, 2018 (GLOBE NEWSWIRE) -- Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and CTT Pharmaceutical Holdings Inc. ("CTT") (US-OTC: CTTH) today announced that Aurora is acquiring an initial 9.14% ownership interest in CTT via way of a non-brokered private placement in the form of a US$1 million 5% convertible debenture. The agreement includes an issuance of warrants enabling Aurora to increase ownership to 42.5%.