Aurora Cannabis Sells Out of Stake in Alcanna

Aurora Cannabis Sells Out of Stake in Alcanna

Aurora Cannabis (NYSE: ACB) is divesting a large asset. The company is selling the entirety of its 9.2 million share stake of common stock in fellow Canadian company Alcanna. This will be effected in a "bought deal" arranged with an underwriting syndicate, at a price of three Canadian dollars ($2.22) per share.