Aurora Cannabis has announced that have signed a letter of intent to acquire privately held Whistler Medical Marijuana Corporation in an all-share transaction valued at up to $175 million.

In a press release Aurora Cannabis says the transaction is expected to provide them with a premium and differentiated organic certified product suite, expanding both its medical and adult-use offerings, reinforcing Aurora’s presence in the west coast cannabis market.

Whistler Medical Corp. is one of Canada’s original ten licensed producers, and was the first licensed producer to obtain organic certification.

Aurora Cannabis CEO Terry Booth says they intend to accelerate the completion of Whistler’s Pemberton expansion project, and leverage their domestic and international distribution channels to increase market reach for their exceptional products.

 

Filed under: Aurora Cannabis, Pemberton, Sea to Sky, Whistler, Whistler Medical Marijuana