EDMONTON — Aurora Cannabis Inc. is planning to spin off its Australis Capital subsidiary as a separate entity that would focus primarily on investing in the U.S. cannabis and real estate sectors.
The spin-off will be achieved by distributing shares and warrants of the new company — to be listed on the Canadian Security Exchange.
“The fragmented U.S. cannabis market has many innovative and successful operators that struggle to access growth capital,” said Aurora CEO Terry Booth in a statement. “This creates exciting and attractively priced opportunities for the well-connected and knowledgeable team at Australis to capitalize on… While regulatory requirements vary greatly from state to state, Australis are well prepared to navigate this landscape.”
Top photo courtesy of Adobe Stock
