LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

Reporting from the weed side

[Dibah42]

Aurora Cannabis: Closes a Major Investment

Aurora Cannabis (ACB.TO) (ACBFF) edged higher after closing the strategic investment in Liquor Stores (LIQ.TO) and we are favorable on this move. Liquor Stores intends to use the net proceeds to establish and launch a leading brand of cannabis retail outlets, whereby it will convert some number of Liquor Stores' existing retail locations into cannabis retail stores and establish new cannabis retail stores.

Liquor Stores issued 6.9 million common shares at $15 each for gross proceeds of $103.5 million. As a result of the Initial Investment, Aurora owns approx. 19.9% of the shares (on a non-diluted basis). Aurora also subscribed for 2.3 million subscription receipts at $15 each which will increase its ownership to approximately 25% (on a non-diluted basis).

Aurora Cannabis has been laser focused on execution and the marijuana producer has made several strategic investments and acquisitions. We are favorable on Aurora’s proven track record of success when it comes to initiatives like this and will monitor how the company executes on this opportunity.

[oceaneleven]

On Monday, B.C. released its plan for a public-private recreational cannabis retail market, with government-run stores and online sales alongside private brick-and-mortar retailers. Cannabis producers will sell to the B.C. Liquor Distribution Board, which will supply wholesale product to its own stores and private retailers.   There’s no cap on the number of private retail licenses

[WaterHeatersRUs]

It only makes sense to sell Weed where they sell Liquor, why would you license Joe's Smoke Shop to sell WEED instead of a regulated Liquor Store?