Cronos sells 19% stake in Whistler Medical Marijuana Corp. to Aurora Cannabis for C$175 million in stock

Ciara Linnane - finance.yahoo.com Posted 5 years ago

Canadian cannabis company Cronos Group Inc. said Monday it has sold all of its shares in Whistler Medical Marijuana Corp., equal to a roughly 19% stake, to Aurora Cannabis Inc. for C$175 million ($131.4 million) in stock. Cronos has received about 2.5 million Aurora shares worth about C$24.6 million and will receive another C$7.6 million upon reaching certain milestones. Cronos shares rose 1.6% premarket and have gained 131% in the last 12 months, while the S&P 500 has gained 4.2%.

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