Aurora Cannabis (NYSE: ACB) receives Final regulatory approval & Completes acquisition of ICC Labs – RICH TV LIVE – November 22, 2018 – Aurora Cannabis Inc. (“Aurora” or “the Company”) (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) and ICC Labs Inc. (TSX-V: ICC) (“ICC”) are pleased to announce today the completion of the previously announced plan of arrangement (the “Arrangement”) pursuant to which Aurora has acquired all of the issued and outstanding common shares of ICC for $1.95 per share (payable in common shares of Aurora (the “Aurora Shares”)), reflecting an aggregate purchase price of approximately $290 million. ICC is now a wholly-owned subsidiary of Aurora. Completion of the Arrangement follows receipt of approval of the Arrangement from the Instituto de Regulación y Control del Cannabis, the Uruguayan regulatory authority overseeing the regulation and control of cannabis in Uruguay.
Hey guys this is rich from rich tv live and we got some breaking news here again from aurora cannabis this is the news we’ve been waiting for aurora cannabis receives final regulatory approval and completes acquisition of icc labs this is huge this is establishing a leadership position and platform for growth in latin american market aurora cannabis which is a cb
On the new york stock exchange and on the tsx toronto stock exchange and is a 1 c 4 wm in frankfurt and icc labs inc under the symbol icc on the tsx venture exchange are pleased to announce today the completion of the previously announced plan of arrangement the arrangement pursuant to which aurora has acquired all of the issue in outstanding common shares of icc
For 195 per share payable in common shares of aurora the aurora shares reflecting an aggregate purchase price of approximately 290 million icc is now a wholly owned subsidiary of aurora completion of the arrangement follows receipt of approval of the arrangement from the instituto de regular regular song he control del cannabis the uruguayan regulatory authority
Overseeing the regulation and control of cannabis in uruguay icc’s common shares will be delisted from the tsx venture exchange subject to the tsx venture approval and applications will be made for icc to cease being a reporting issuer the acquisition of icc establishes ora as the industry leader in latin america huge news a region which encompasses more than 650
Million people from across mexico the caribbean central america and south america icc based in uruguay the first country in the world to legalize cannabis for adult consumer use has developed a strong portfolio of high-quality low-cost production assets product offerings and commercial agreements located in uruguay’s free trade zone icc state-of-the-art science
And gmp compliant processing facility the first of its kind in latin america bring very significant capacity and early mover advantages to build significant market share both in latin america and the international cannabis and wellness markets what does management think the transaction combines two pioneering cannabis companies with fully aligned international
Growth ambitions immediately positioning arora as the market leader in latin america an area with well over 650 million people said terry boots ceo of arora not only does icc have substantial low-cost high-quality production capacity it is the first company in latin america which has completed a gmp compliant extraction facility which will play an important role
In supplying higher margin cbd based products for the global cannabis and wellness markets together icc and aurora will accelerate the development of our well diversified product portfolio and extensive distribute distribution channels to capitalize on the substantial opportunities in the global cannabis industry neil below chief global business development officer
Added alejandro and his team have developed one of the deepest international networks aurora has encountered icc has leveraged its early mover advantage in uruguay to capitalize on the significant growth opportunities in the broader latin american cannabis markets with world-class production process facilities and distribution infrastructure in place the transaction
Strengthens aurora’s position as the global partner of choice in multiple international markets alejandro an tlick ceo of icc labs added the complementary nature of our two organizations makes this transaction an ideal fit that will allow us both to realize our ambitions growth strategies we’re excited to announce our upcoming official grand opening of the first
State-of-the-art laboratory in latin america on november 28th this facility based in uruguay is focused on the development of pharmaceutical grade products derived from cannabis and hemp with our latin america facilities coming online as well as multiple supply and distribution agreements in large international markets in place we that aurora’s resources innovation
Capabilities and broad global distribution networks represents an ideal partner to accelerate our growth what do you think about this news smash the like button comment down below share the video everywhere this is a big deal that we’ve been waiting for it is now official it is done this deal is complete under the arrangement each holder of common shares of icc
Has received approximately zero point two one six one aurora shares for each common share of icc held an aurora has issued a total of 31 million nine hundred four thousand six hundred sixty eight aurora shares pursuant to the arrangement not giving effect to the exercise of any icc compensation options or icc warrants as such terms are defined in the arrangement
Agreement dated september 8 2008 een between icc and aurora which as of november 21st 2018 represented approximately 3.2 percent of the outstanding aurora shares after giving effect to the transaction remember rich t v live is strictly for education entertainment purposes do your due diligence do your research before you invest in anything that we talk about here
At rich t v live i love this acquisition this just makes aurora bigger and like they said the global leader one of the global leaders in latin america now and one of the global leaders in the whole world a first mover and you heard it here first from mere boy rich remember i’ve been talking about aurora cannabis since they were under $2 in canada okay so now they’re
Over $8 i still think there’s a long ways to go from here and this company is only getting bigger and you heard here first from your boy rich you’re not winning you’re definitely not watching aurora cannabis receives final regulatory approval and completes acquisition of icc labs congratulations aurora cannabis has done it again i’m out peace
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Aurora Cannabis (NYSE: ACB) receives Final regulatory approval & Completes acquisition of ICC Labs By RICH TV LIVE