Cronos Sells Stake in Whistler Medical Marijuana to Aurora Cannabis

Tony Owusu - finance.yahoo.com Posted 5 years ago

Aurora will pay about C$175 million for the stake with Cronos receiving about 2.5 million Aurora common shares worth an aggregate value of about C$24.6 million and another C$7.6 million upon reaching certain milestones. "We'd like to thank and congratulate Whistler for their partnership over the past two years," said Mike Gorenstein, CEO of Cronos Group. "Whistler's commitment to creating high-quality products and establishing a premium brand has generated value for consumers and investors alike.

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