• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    AgraFlora Obtains Interest Stake in Canadian LP

    Bryan Mc Govern
    Dec. 19, 2018 09:12AM PST
    Cannabis Investing News

    AgraFlora Organics International announced the acquisition of a 100 percent interest stake in Ontario-based licensed cannabis producer AAA Heidelberg.

    AgraFlora Organics International (CSE:AGRA) announced the acquisition of a 100 percent interest stake in Ontario-based licensed cannabis producer AAA Heidelberg.

    As quoted in the press release:

    In conjunction with the acquisition the Company has issued 12,216,509 common shares (the “Shares“) at a deemed price of [C]$0.1667 per share to the shareholders of AAA Heidelberg Inc. (“AAA Heidelberg“) pursuant to the share exchange agreement entered into between the Company, AAA Heidelberg and the shareholders of AAA Heidelberg dated January 26, 2015. The completed share transfer has resulted in the acquisition of the remaining interest of the AAA Heidelberg licensed facility and the entity is now a wholly owned subsidiary of AgraFlora Organics International Inc.

    “This acquisition marks a very important milestone in AgraFlora’s growth initiative and designation as an official licensed cannabis production company,” said Derek Ivany, President and CEO of AgraFlora Organics International Inc. “This, combined with the Company’s 2,200,000 square foot Delta Greenhouse facility places AgraFlora among the largest potential per square footage cannabis producers in Canada and we are focused on brining both facilities into revenue generating production in 2019.”

    Click here to read the full press release.

    cse:agracannabis investingderek ivany
    The Conversation (0)

    Go Deeper

    AI Powered

    Aurora Cannabis Acquires MedReleaf Australia

    Aurora Cannabis Announces Settlement of Patent Litigation

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    extractX

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×