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Fort Capital Partners is pleased to announce that Hempco Food and Fiber Inc. (TSXV:HEMP) (“Hempco”) and Aurora Cannabis Inc. (TSX:ACB) (“Aurora”) have entered into a definitive arrangement agreement whereby Aurora will acquire the 48.6% of the issued and outstanding shares of Hempco not already owned by Aurora.
Under the arrangement agreement, Aurora will issue 0.08659 Aurora Shares in exchange for each Hempco Share not already owned by Aurora, representing a 14% premium to the unaffected closing price on April 12th, 2019.
Fort Capital Partners provided an independent formal valuation as well as a fairness opinion to the Independent Committee and Board of Hempco with respect to the transaction.