March 4, 2019
Jamie Blundell, President & COO is pleased to provide the following update on Whistler Medical, one of CGOC’s private holdings:
As announced today by Aurora Cannabis Inc. (“Aurora Cannabis”) listed on the Toronto Stock Exchange under the symbol “ACB”, the Company has completed the acquisition of Whistler Medical Marijuana Corporation (“Whistler Medical”, or “WMMC”).
As approved by a special majority of shareholders (>66 2/3%), have accepted the terms of a Letter of Intent, which sets out key business terms for the proposed transaction. Pursuant to an amalgamation agreement dated January 31, 2019, Aurora Cannabis will acquire all of the issued and outstanding shares of Whistler Medical in three tranches, subject to certain milestones.
CGOC invested in Whistler in April of 2018, purchasing 205 common shares (at a cost of $2,009,000), representing approximately 12% of the private portfolio.
Jamie Blundell, President and Chief Operating Officer of CGOC commented, “We wish to congratulate the Whistler Medical team for their outstanding accomplishments to date. The proposed transaction will provide the WMMC brand tremendous upside and ongoing support under the umbrella of the Aurora banner.”
Our investment in Whistler Medical truly exemplifies the benefit of the private portfolio as an investment vehicle which offers tremendous upside. Whistler Medical is the beginning of a number of private portfolio companies that have significant events expected in 2019 and which will positively impact the CGOC portfolio and its Net Asset Value.”
For more details on this transaction, please refer to the press release as issued by Aurora Cannabis.
For further information please contact Cannabis Growth Opportunity Corporation:
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About Whistler Medical
Since day one of the MMPR, Whistler Medical have been growing legal medical cannabis with the approval of Health Canada. We have always believed our medication should be organic, and since sowing our first seeds have been growing our plants naturally. From cutting through to drying, each plant is individually watered, pruned and trimmed by BC’s finest hands to ensure consistency and quality.
For more information, please visit www.whistlermedicalmarijuana.com
About Aurora Cannabis
Aurora is one of the largest and fastest growing cannabis companies in the world with a funded production capacity of over 500,000 kilograms per year. Since establishing the Company’s very first facility in Mountain View County, Alberta, Aurora has demonstrated an unprecedented commitment to execution and growth. Today, Aurora has developed an expanding constellation of subsidiaries and strategic partnerships that provide differentiation through its broad global reach, high-yield production techniques, use of advanced technologies and innovative product offering.
With the increasing adoption of medical and adult-consumer use cannabis legalization globally, Aurora has embarked on an aggressive international expansion strategy which currently sees the Company with sales and operations in 22 countries around the world.
For more information, please visit www.investor.auroramj.com