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Aurora Cannabis has agreed to purchase CannaRoyalty’s exclusive Canadian License to use and commercialize Wagner Dima’s pre-roll technology. The deal was agreed upon for C$7 million in Aurora common shares. 

"Pre-rolls are a rapidly growing, in-demand segment of the international cannabis market and the Wagner Dimas's technology has substantial competitive advantages over peers in terms of throughput, quality and diversity," said Terry Booth, CEO of Aurora. "This Agreement reflects Aurora's strategy to continue broadening our high-quality product portfolio by expanding into value add products for both the medical and adult consumer markets. Wagner Dimas has a proven record of producing many of the leading pre-roll brands in a number of mature cannabis markets, and we look forward to introducing this high throughput, high-quality pre-roll technology to the Canadian market."

Source: https://www.newswire.ca/news-releases/aurora-cannabis-acquires-exclusive-canadian-license-for-world-leading-pre-roll-technology-from-cannaroyalty-687864101.html

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