Canopy Growth Corp (WEED)

[Bonno]

Get your Aurora bunk veggies... Lol
26-08-2022

Aurora Cannabis is diversifying into the vegetable propagation and ornamental flowers business amid a massive marijuana glut in Canada by acquiring a controlling interest in Bevo Agtech, one of the largest suppliers of flowers and vegetable seedlings in North America.

Edmonton, Alberta-based Aurora paid 45 million Canadian dollars ($35 million) in cash for 50.1% of Bevo.

Bevo also agreed to buy Aurora’s sprawling greenhouse complex at Edmonton International Airport for up to CA$25 million.
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Ontario Chamber calls for reform of province’s MJ wholesale monopoly
Shipping delays at Ontario’s government-owned cannabis wholesaler underscore an “urgent need for reform,” the Canadian province’s Chamber of Commerce said.

The Chamber is calling for the Ontario government to allow licensed marijuana producers and store owners to have direct commercial relationships, “enabling them to negotiate their own product mixes, prices, and delivery terms, which would mitigate the risks inherent to the current system.”
SNDL buying Canadian cannabis product maker Valens for CA$138 million
Cannabis producer and retailer SNDL agreed to buy the shares it doesn’t already own of manufacturer The Valens Co. in a deal the Alberta-based business says will create “a dominant” vertically integrated operator in Canada.

The proposed all-stock deal is worth roughly 138 million Canadian dollars ($106 million).