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The “milestones” to trigger the increased ownership stake are conditional on The Green Organic Dutchman listing on a stock exchange.

Aurora’s deal with TGOD also includes a supply contract that gives Aurora, one of the country’s largest licensed producers of medical marijuana, the right to buy up to 20 per cent of TGOD’s annual cannabis crop.

As well, Aurora announced Thursday that it had inked an agreement for a joint venture based in Denmark.

Chasing CanniMed

Meanwhile, Aurora made two announcements regarding share purchases related to its hostile takeover bid for CanniMed Therapeutics Inc.

On Tuesday Aurora said it had purchased 116,000 shares of CanniMed, and on Thursday that it had added another 91,800, upping its stake in the latter company to around 2.7 per cent.

Aurora’s all-stock offer values CanniMed at close to $600 million. CanniMed’s management has spurned the proposal, instead preferring to pursue an acquisition of Ontario cannabis company Newstrike Resources Ltd.

Shares of Newstrike — which did not have any revenue for the nine months ended Sept. 30, 2017, as it had yet to receive a license from Health Canada to sell medical marijuana — were up nearly 170 per cent in value for the year as of Friday’s close, finishing the day at $1.51 apiece. Newstrike said Friday that the sales license application by its wholly owned subsidiary, Up Cannabis Inc., had been approved by Health Canada.

Shareholders of Aurora, CanniMed and Newstrike will all vote later this month on the proposed deals.