|Forum - Stocks For A Different Jungle
||If it belongs at the Pit it doesn't belong here.|
|From: blacksheep (Rep: 331)||Date: 05/22/2018 09:51|
|Forum: Stocks For A Different Jungle - Msg #19151||Thread #674010686 (Rec: 0) |
|In some 6.50 for any hot pot runup.|
Aurora Cannabis makes strategic investment in CTT Pharmaceutical
May 22, 2018 9:01 AM ET|About: Aurora Cannabis Inc. (ACBFF)|By: Mamta Mayani, SA News Editor
Aurora Cannabis (OTCQX:ACBFF) and CTT Pharmaceutical (OTCPK:CTTH) announce that Aurora is acquiring an initial 9.14% ownership interest in CTT via a $1M 5% convertible debenture.
The agreement includes an issuance of warrants enabling Aurora to increase its ownership to 42.5%.
CTT will provide Aurora with global exclusivity to develop, manufacture and market its oral thin films wafers. The companies will work jointly towards obtaining Health Canada approval for introduction of the new products, as well as obtaining commercial access to other international jurisdictions in which Aurora is active.
Aurora and CTT have also entered into an investor rights agreement that provides Aurora with anti-dilution protections, enabling the Company to maintain its ownership level.
CTTH shares are up 16% premarket.
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