Aurora Cannabis buys controlling stake in flower, seedling supplier Bevo Agtech
Global News
In connection with the Aurora Sky transaction, Bevo will pay up to $25 million based on the achievement of certain financial milestones.
Aurora Cannabis Inc. has signed a deal to buy a controlling interest in Bevo Agtech Inc., a supplier of vegetable seedlings and flowers.
Under the deal, the cannabis company will acquire a 50.1 per cent stake in Bevo for $45 million plus up to an additional $12 million that is conditional on Bevo achieving certain financial milestones at its Site One facility in Langley, B.C.
Bevo has also agreed to acquire the company’s Aurora Sky facility in Edmonton.
In connection with the Aurora Sky transaction, Bevo will pay up to $25 million based on the achievement of certain financial milestones.
Aurora chief executive Miguel Martin says the investment and collaboration will drive significant shareholder value and synergies for both companies.
Aurora announced plans earlier this year to close its Aurora Sky facility as part of changes at the company.
The recall covers more than 200,000 electric vehicles from Kia and Hyundai in the U.S. and slightly more than 34,000 Hyundai EVs in Canada.
Quebec’s pension fund manager says it is co-operating with United States authorities after three former employees were indicted in federal court in New York.
St. Lawrence College’s musical theatre students bring two exciting productions to the Thousand Islands Playhouse this weekend. Find out what’s on stage.
Police say an 81-year-old woman is dead following a dog attack involving three dogs who attacked her inside her own residence, in Northern Ontario.
King was a prominent figure in the demonstration that rolled into the national capital in 2022, which saw protesters entrench themselves in downtown Ottawa for three weeks.
Dermo, which has been detected in Canada for the first time, has spread from oyster to oyster in New Brunswick.
The latest draft negotiating text released Friday pledged $250 billion by 2035, less than a quarter of what developing countries requested.
The officials say Ottawa will be chipping in $108.5 million over the next three years to Ontario’s existing Student Nutrition Program and First Nations Student Nutrition Program.
A mother who was struck by a vehicle, along with the father and three other children, has now died from her injuries in hospital just over a month after the collision.
Erin McQueen believes her tools were stolen on Nov.16 while her truck was parked in Kelowna near Ellis Street and Clement Avenue.
"I am fighting for my daughter." How one Regina family is looking to the community to help raise money for a potentially live saving trip to the United States.