Business
Aurora Provides Additional Details on Acquisition of Shares of Hempco Food and Fiber Inc
Aurora Provides Additional Details on Acquisition of Shares of Hempco Food and Fiber Inc.
About this update from Hemp, Inc.
[{"type":"text","content":"\n\n\n\nAurora Provides Additional Details on Acquisition of Shares of Hempco Food and Fiber Inc\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen1{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n\n\n\n\n\n\nAurora Provides Additional Details on Acquisition of Shares of Hempco Food and Fiber Inc\nCanada NewsWire\nVANCOUVER and BURNABY, BC, June 8, 2017\n\n\n\nTSXV: ACB     TSXV: HEMP \n\n\n\nVANCOUVER and BURNABY, BC, June 8, 2017 /CNW/ - Further to  the joint press release issued today, Aurora Cannabis Inc. (the \"Company\" or \"Aurora\") (TSX-V: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Hempco Food and Fiber Inc. (\"Hempco\") (TSX-V: HEMP)  provide additional clarification on the call option that Aurora intends to negotiate with the two majority shareholders of Hempco to acquire, in conjunction with the Company's participation in Hempco's private placement, an interest in Hempco of up to 31,872,292  shares of Hempco.\n\nAs announced earlier today, the investment in Hempco, subject to conditions, may take place in up to three stages:\n\n\nAurora has agreed to loan Hempco $750,000 at an 8% interest rate. The loan is repayable upon the earliest of: June 8, 2019, a demand by Aurora for repayment, such demand which can only be made on or after December 21, 2017, or the completion of all or any portion of Hempco's non brokered private placement of units, as announced by Hempco on June 7, 2017; \...