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BRIEF-Aurora Cannabis Says Agreed To Terms To Acquire A 51 Pct Ownership Interest In Gaia Pharm Lda.

Published 2019-02-26, 07:16 a/m
© Reuters.  BRIEF-Aurora Cannabis Says Agreed To Terms To Acquire A 51 Pct Ownership Interest In Gaia Pharm Lda.
ACB
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Feb 26 (Reuters) - Aurora Cannabis Inc ACB.TO :

* AURORA CANNABIS INC - AGREED TO TERMS TO ACQUIRE A 51% OWNERSHIP INTEREST IN GAIA PHARM LDA.

* AURORA CANNABIS INC - GAIA PHARM LDA WILL BE RENAMED "AURORA PORTUGAL LDA".

* AURORA CANNABIS - ON FEBRUARY 21, GAIA PHARM LDA. RECEIVED APPROVAL OF ITS APPLICATION TO CONSTRUCT AN EU GMP COMPLIANT CANNABIS CULTIVATION FACILITY

* AURORA CANNABIS - CONSTRUCTION OF NEW FACILITY WILL BE CONDUCTED IN PHASES, WITH 1ST PHASE EXPECTED TO BE COMPLETED IN THIRD CALENDAR QUARTER OF 2020.

* AURORA CANNABIS INC - FIRST PHASE OF FACILITY IS EXPECTED TO HAVE A PRODUCTION CAPACITY OF APPROXIMATELY 2,000 KG PER ANNUM

* AURORA CANNABIS INC - PRODUCTION CAPACITY WILL GROW TO 4,000 KG PER ANNUM UPON COMPLETION OF SECOND PHASE.

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