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Pot Investment Firm Australis Picks Up Half Of Cultivation Co.


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Pot Investment Firm Australis Picks Up Half Of Cultivation Co.
Law360 (February 24, 2021, 8:54 PM EST) Australis Capital Inc., a spinoff of cannabis giant Aurora Cannabis Inc., announced Wednesday that it had sealed a deal to purchase a majority stake in cultivation company ALPS, in a transaction steered by Canadian law firms Fogler Rubinoff LLP and McMillan LLP.
As part of the deal, which is expected to close within a week, Australis will spend between CA$13.7 million ($10.9 million) and CA$25.94 million ($20.72 million) to acquire a 51% interest in ALPS, with the option to purchase the remaining shares in the company within three years. ....

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