Aurora Cannabis Sells Sun Facility To Bevo
Portfolio Pulse from Vuk Zdinjak
Aurora Cannabis Inc. has sold its Aurora Sun facility to Bevo Farms Ltd., a subsidiary of Bevo Agtech Inc. The sale could result in up to $15 million payable over time by Bevo Farms to Aurora, based on certain financial milestones. The transaction is expected to improve Aurora's cash flow and reduce its annual carrying costs by approximately $2 million.
July 24, 2023 | 11:47 am
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POSITIVE IMPACT
The sale of the Aurora Sun facility to Bevo Farms could improve Aurora Cannabis's cash flow and reduce its annual carrying costs, potentially positively impacting its financial performance.
The sale of the Aurora Sun facility could result in up to $15 million payable to Aurora Cannabis, improving its cash flow. Additionally, the transaction is expected to reduce Aurora's annual carrying costs by approximately $2 million, which could positively impact its financial performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100