Aurora Cannabis acquires greenhouse design firm
by The Canadian Press
Financial terms of the deal to buy Larssen Ltd. were not disclosed, but it includes performance-based milestone payments
VANCOUVER—Aurora Cannabis Inc. has signed a deal to acquire greenhouse design firm Larssen Ltd.
Financial terms of the deal were not disclosed, but Aurora says it includes performance-based milestone payments.
Aurora chose Larssen to design, engineer and oversee construction of its Aurora Sky facility.
Under the deal, Larssen will be integrated into a new subsidiary, Aurora Larssen Projects Ltd. (ALPS).
Larssen is currently involved with over 15 cannabis industry clients globally, including five Canadian licensed producers.
Aurora says the Canadian deals will be vetted and that it will end ALPS’s participation in any project deemed not to be in the best interest of Aurora shareholders.
