Canadian cannabis company Aurora Cannabis Inc. acbff ACB, -29.08% said Wednesday it has acquired Agropro UAB, Europe's biggest producer, processor and supplier of hemp, and Borela UAB, a hemp processor and distributor for 5.36 million euros, or $6.2 million, in cash. The companies have 1,600 hectares under contract that can potentially yield more than 1 million kg of organic hemp with the possibility of adding more than 3,000 hectares across the Baltic Republics and Poland. Aurora is planning to extract, refine and create a line of hemp products. As well as its use in cannabinoid-based products, hemp is becoming a popular food supplement and meat substitute for the health food market. "With Agropro and Borela, Aurora has acquired a very substantial supply of organic hemp seed products, as well as the capacity to process the raw material into products, and the international distribution channels to sell these," Aurora said in a statement. U.S.-listed shares were not yet active premarket, but have gained 211% in the last 12 months, while the S&P 500 SPX, -2.37% has gained 15.7%.