Aurora Cannabis to buy greenhouse design firm Larssen, terms not disclosed
Aurora Cannabis Inc. (TSX:ACB) logo is seen in this undated handout photo. (THE CANADIAN PRESS / Aurora Canabis Inc.)
The Canadian Press
Published Thursday, November 23, 2017 8:36AM EST
Last Updated Thursday, November 23, 2017 9:08AM EST
VANCOUVER -- Aurora Cannabis Inc. has signed a deal to acquire greenhouse design firm Larssen Ltd.
Financial terms of the deal were not disclosed, but Aurora says it includes performance-based milestone payments.
Aurora (TSX:ACB) chose Larssen to design, engineer and oversee construction of its Aurora Sky facility.
Under the deal, Larssen will be integrated into a new subsidiary, Aurora Larssen Projects Ltd. (ALPS).
Larssen is currently involved with more than 15 cannabis industry clients globally, including five Canadian licensed producers.
Aurora says the Canadian deals will be vetted and that it will end ALPS's participation in any project deemed not to be in the best interest of Aurora shareholders.