Aurora Acquires Ontario’s Cannabis Testing Laboratory

The company did not disclose the acquisition price

Aurora Cannabis has signed a binding share purchase agreement to acquire all of the issued and outstanding common shares of privately-held Chemi Pharmaceutical, an Ontario-based laboratory providing analytics services to the pharmaceutical and cannabis industries.

Located adjacent to Pearson Airport in Mississauga, Ontario, Chemi provides specialized cannabis testing across a broad set of parameters, including cannabinoid and terpene content.

The company did not disclose the acquisition price but notes that the transaction will consist of an undisclosed cash payment and share consideration of 83,299 shares paid on closing and 41,649 payable upon achievement of certain milestones.

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