MJBizMag January 2022 - 19

COMPANY NEWS
INTERNATIONAL DEVELOPMENTS
Aurora Cannabis Buys
Stake in Dutch Grower
Edmonton, Alberta-based Aurora
Cannabis is investing " a significant
equity stake " in upstart Netherlands-based
Growery B.V., one of
only 10 lottery winners selected to
cultivate and distribute adult-use
marijuana to retailers under a government-backed
pilot program.
Aurora said it intends to invest an
" immaterial cash amount " upfront,
with the remainder paid as Growery
achieves certain milestones. Aurora
did not say how much of Growery it
is acquiring.
The planned acquisition comes
about a month after Aurora
competitor Village Farms
International paid almost
$4.6 million (4 million euros) for an
option to purchase an 80% stake
in Netherlands-based Leli Holland
B.V., another lottery winner.
Tilray Strikes Deal
To Supply Cannabis
In Luxembourg
Leamington, Ontario-based license
holder Tilray reached a deal with
Luxembourg's Ministry of Health to
supply the small European country
with medical cannabis. Tilray will
be the third Canadian cannabis
producer since 2019 to supply the
burgeoning market.
The company will provide a
variety of pharmaceutical-grade
medical marijuana products such as
extracts and dried flower.
While financial terms of the
agreement weren't disclosed,
the Ministry of Health in August
requested $3.5 million (3 million
euros) from the Ministry of Finance
to buy 66 pounds (30 kilograms) of
medical cannabis this year.
Have a company announcement you
want us to consider? Send a news
release or general information to
omar.sacirbey@mjbizdaily.com.
(Note: We're looking for news
about expansions, financing,
deals, partnerships and similar
developments, not product
announcements.)
mjbizdaily.com | January 2022 19
https://www.pattersonfan.com/cannabis.html http://www.mjbizdaily.com

MJBizMag January 2022

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