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Aurora Cannabis has signed a binding term sheet to purchase Anandia Labs for $115 million.

Aurora will purchase 100% of the issued and outstanding shares from Anandia's shareholders in exchange for common shares of Aurora based on the 20-day VWAP (to the Effective Date) equivalent to approximately $115 million. In addition, each Aurora share will be accompanied with a warrant exercisable for 1/2 of an Aurora common share at an exercise price equal to the issue price plus 10% with a term of 5 years. Closing is subject to conditions, including shareholder and regulatory approvals.

Anandia Labs provides analytical testing services including potency, pesticides, microbes, and terpenes to Licensed Producers and patients. The company holds a Dealer’s License by Health Canada.
 
Source: https://www.newswire.ca/news-releases/cannaroyalty-investee-anandia-labs-to-be-acquired-by-aurora-cannabis-for-approximately-115-million-685226081.html


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