Massive sales boost for Aurora...and it's shareholders... Aurora’s Hempco deal
Aurora is apparently aware of the sea changes occurring south of the border, as it lent money to (and increased its interest in) Hempco, a major hemp producer. Although Hempco is a Canadian company, it’s strategically positioned for U.S. sales, as it mainly produces hemp and CBD products, which are legal in the U.S.
Aurora’s recent agreement with Hempco allows it to increase its stake to 55%, essentially paving the way for a full buyout. A recent Aurora press release noted Hempco’s strategic value in light of U.S. hemp legalization, which points to the company being pivotal to Aurora’s U.S. expansion plan.
Should that plan be successful, the end result could be a massive sales boost for Aurora — and a boon to its shareholders.