Last week, ACBFF announced the closing of the previously announced strategic investment by Aurora in Liquor Stores by way of a non-brokered private placement. The Private Placement has been structured in two phases, with an initial investment of $103.5 million from Aurora for an estimated 20% ownership in Liquor Stores, and a further investment that could up Aurora’s stake in the firm to roughly 40%.

With three production licenses, over 240,000 kg per annum in pro forma funded capacity, multiple distribution channels, and the pending acquisition of CanniMed, the company is positioned to pursue growth in the domestic and international medical markets.

ACBFF signed a Letter of Intent with the Société des Alcools du Québec (“SAQ”) to supply a minimum of 5,000 kg of cannabis per annum for the Quebec adult consumer market, once legalized.

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