CannCentral
  • Home
  • Business
    Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

    Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

    CannaReps provides a modern approach to cannabis education

    CannaReps provides a modern approach to cannabis education

    Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

    Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

    Strains with Sam: U.K. Cheese

    Strains with Sam: U.K. Cheese

  • Culture
  • Lifestyle
  • News
No Result
View All Result
CannCentral
  • Home
  • Business
    Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

    Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

    CannaReps provides a modern approach to cannabis education

    CannaReps provides a modern approach to cannabis education

    Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

    Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

    Strains with Sam: U.K. Cheese

    Strains with Sam: U.K. Cheese

  • Culture
  • Lifestyle
  • News
No Result
View All Result
CannCentral
No Result
View All Result
Home News

Aurora Cannabis Inc. plans to buy up to 40 percent of Liquor Stores Inc.

Kirk Smol by Kirk Smol
November 19, 2024
in News
0 0
0
Aurora Cannabis Inc. plans to buy up to 40 percent of Liquor Stores Inc.

The B.C. government is not going to allow cannabis to be sold alongside liquor products.

But that hasn’t dissuaded one of the big players in Canada’s weed business from making a significant investment in the booze business.

Vancouver-based Aurora Cannabis Inc. announced today that it will spend $103.5 million on a private placement in Liquor Stores N.A. Ltd.

This will give Aurora a 19.9 percent stake in the TSX-listed company that operates 231 retail liquor stores.

Related Post

CannaReps provides a modern approach to cannabis education

CannaReps provides a modern approach to cannabis education

November 19, 2024
Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

November 19, 2024

Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

November 19, 2024

Strains with Sam: U.K. Cheese

November 19, 2024

‘Liquor Stores intends to use the net proceeds from the Private Placement to establish and launch a leading brand of cannabis retail outlets, whereby it will convert some number of Liquor Stores’ existing retail outlets into cannabis retail outlets and establish new cannabis retail outlets,’ Aurora said in a news release.

Aurora also indicated that it hopes to invest another $34.5 million in Liquor Stores Inc. pending the approval of the latter company’s shareholders. This would boost Aurora’s holdings to 25 percent.

In addition, Liquor Stores is offering Aurora two classes of share purchase warrants: 10.13 million that can be exercised at $15.75 per share and 1.75 million that can be xercised at $15 per share. This too requires the approval of Liquor Stores shareholders.

If these warrants are exercised, it would eventually boost Aurora’s stake in the company to 40 percent.

Aurora is a wholly owned subsidiary of Aurora Cannabis Enterprises Inc, which is a licensed medical cannabis producer.

It operates production facilities in Alberta and Quebec.

Last month, the company announced a $1.1-billion friendly takeover of CanniMed Therapeutics.

As of this writing, Aurora Cannabis shares are up 13 percent to $9.61 following news of the investment in Liquor Stores.

But it’s still off sharply from last month’s peak of $14.79 on January 23.

Kirk Smol

Kirk Smol

Kirk's journey through the digital realm began with lines of code and algorithms dancing in his dreams. Armed with a keyboard and an insatiable curiosity, he embarked on the path of software engineering. However, fate had a smoky twist in store for him. As the ones and zeros swirled around him, Kirk had an epiphany – he realized that he was more interested in the highs and lows of the cannabis industry than debugging lines of code. With a leap of faith that would make a bungee jumper blush, he bid farewell to the world of semicolons and database queries and embraced the intoxicating allure of cannabis journalism. Now, Kirk finds himself navigating a different kind of network, one that's all about buds, trichomes, and terpenes. Armed with a pen that's mightier than a vaporizer and a keen eye for detail, he's on a mission to unravel the mysteries of the green world.

Related Posts

CannaReps provides a modern approach to cannabis education
News

CannaReps provides a modern approach to cannabis education

by Kirk Smol
November 19, 2024
Saliva tests for cannabis won’t provide an accurate depiction of impaired driving
News

Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

by Estella Muir
November 19, 2024
Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies
News

Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

by Kirk Smol
November 19, 2024
Next Post
B.C. Conservatives support free-market sourcing of cannabis

B.C. Conservatives support free-market sourcing of cannabis

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

It’s not a heart attack: chest pain from smoking weed

It’s not a heart attack: chest pain from smoking weed

November 11, 2024
What Is The Freeze Pipe & How You Should Use It

What Is The Freeze Pipe & How You Should Use It

November 11, 2024
How To Roll That Perfect Swisher – A Detailed Guide

How To Roll That Perfect Swisher – A Detailed Guide

November 11, 2024
Whether or not you need a special lighter for firing up a joint is debatable, but having a good lighter in your arsenal is never a bad thing. Photo by Paul Bradbury / iStock /Getty Images Plu

Lighters for cannabis: here are five of the best

November 11, 2024
CannaReps provides a modern approach to cannabis education

CannaReps provides a modern approach to cannabis education

November 19, 2024
Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

November 19, 2024
Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

November 19, 2024
Strains with Sam: U.K. Cheese

Strains with Sam: U.K. Cheese

November 19, 2024
CannСentral Magazine

Recent Posts

  • CannaReps provides a modern approach to cannabis education
  • Saliva tests for cannabis won’t provide an accurate depiction of impaired driving
  • Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

Categories

  • Business
  • Culture
  • Lifestyle
  • News

© 2023 CannCentral

No Result
View All Result
  • Home
  • Landing Page
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2023 CannCentral

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In