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AGORACOM NEWS FLASH

New Client Alert!!!

AGORACOM Welcomes TransCanna (TCAN:CSE) Developing The Largest Multi-Purpose Cannabis Facility in California

  • $2M CAD Revenue April 2020
  • $24.6M CAD Revenue Run Rate solely from TransCanna test facility
  • $90M Annual Revenue expected from first full year upon completion of 196,000 Sq Ft Daly facility Q3 2021
  • Daly facility will be one of the largest cannabis facilities in California
  • Recently acquired two California companies,
    • High-end award winning edible producer Soldaze
    • Premium indoor cultivator and distributer Lyfted Farms
  • Lyfted Farms products sold in select Cookies Locations - The most recognizable name in high-end Cannabis.
  • 2019 California Cannabis sales over $3B, industry currently fragmented
  • Direct to dispensary model, cutting out the middleman

Transcanna dark

Hub On AGORACOM / Read Release

 

Message: INDUSTRY BULLETIN: Aurora Cannabis to enter U.S. market with $40 million of acquisition of CBD brand Reliva

INDUSTRY BULLETIN: Aurora Cannabis to enter U.S. market with $40 million of acquisition of CBD brand Reliva

posted on May 21, 2020 10:28AM

By Staff The Canadian Press

Aurora Cannabis Inc. says it is entering the U.S. market by acquiring hemp-based cannabidiol company Reliva LLC.

Edmonton-based Aurora will acquire all of the issued and outstanding membership interests of Reliva, while Reliva members will receive roughly US$40 million in Aurora’s common shares.

If Reliva achieves certain financial targets, the transaction includes a potential earn-out of up to a maximum US$45 million payable in Aurora shares, cash or a combination over the next two years.

The transaction is subject to closing conditions, but is expected to be complete by June.

Aurora says it was attracted to Reliva because of its management team’s experience selling and marketing regulated consumer packaged goods, its relationships with critical trade partners that provide a U.S. national distribution footprint and its financial discipline.

Source: https://globalnews.ca/news/6966603/aurora-cannabis-reliva-usa-market/

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