Aurora cannabis acquires controlling interest in bevo farms

Nasdaq | tsx: acb long term investment expected to deliver aurora immediate positive cash flow aurora acquires a controlling interest in bevo; one of the largest suppliers of propagated vegetables and ornamental plants in north america with proven track record of profitability bevo will continue to be run by existing management team; robust growth plan includes use of aurora sky for ornamental plant cultivation and for vegetable propagation transaction is expected to be immediately accretive adding ~$9 million of ltm adjusted ebitda; aurora remains on track to achieve consolidated positive adjusted ebitda run rate exiting the first half of fiscal 2023. edmonton, ab , aug. 25, 2022 /prnewswire/ - aurora cannabis inc. (the "company" or "aurora") (nasdaq: acb) (tsx: acb), the canadian company defining the future of cannabinoids worldwide, is pleased to announce today that a wholly-owned subsidiary of the company has acquired a controlling interest in bevo agtech inc. ("bevo"), the sole parent of bevo farms ltd.
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