Hempco to be Acquired by Aurora

Valuations & Fairness Opinions
Transaction Details

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Fort Capital Partners is pleased to announce that Hempco Food and Fiber Inc. (“Hempco”)(TSXV:HEMP) and Aurora Cannabis Inc. (“Aurora”)(TSX:ACB) 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.

About Hempco
For more than 12 years Hempco has been a trusted and respected pioneer, innovator and provider of quality hemp-based foods, hemp fiber and hemp nutraceuticals. Hempco produces and markets the brands PLANET HEMP™ and PRAISE, hemp-based foods and nutritional supplements for people and animals. Hempco is expanding its processing ability to meet global demands in a 56,000 sq. ft. facility located at Nisku, Alberta.

About Aurora
Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 625,000 kg per annum and sales and operations in 24 countries across five continents, Aurora is one of the world’s largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution.