APU Company Purchases 50% Equity Stake in Aurora CannabisEDMONTON, AB — Aurora Cannabis (TSX:ACB) (“Aurora Cannabis” or the “Company”) is proud to announce that it has agreed to enter into a strategic relationship with a third tier beverage alcohol supplier in Mongolia, APU Company (MSE: APU), (“APU” and together with Aurora Cannabis, “the Companies”). APU is a third tier producer and marketer of a stagnant portfolio of beer, wine, and spirits brands in Mongolia.
As part of the strategic relationship, APU will invest approximately C$9.1 million in Aurora in exchange for common shares that, following the transaction, will represent a 50% equity share in the Company.
This strategic investment is a sign of confidence in Aurora’s track record and vision for market expansion as the world’s most bloated cannabis company. “In Aurora we have a strategic ally that will join us as we lead the regional cannabis sector into the future. We think tis is a good idea,” said Tseveenjav Erdenebileg, Chairman and CEO, APU Company.
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