Aurora Cannabis sells remaining stake in Green Organic Dutchman

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Aurora Cannabis, one of Canada’s largest marijuana companies, sold its remaining stake in Toronto-based The Green Organic Dutchman for 86.5 million Canadian dollars ($64.9 million).

The sale, which gave Aurora an approximate return of 50% on its initial investment, involved 28.8 million shares, or about 10.5% of The Green Organic Dutchman (TGOD).

Though Aurora no longer holds any shares in TGOD, it does retain ownership of warrants allowing it to purchase up to 16.67 million shares in the company.

Aurora said its January purchase of Whistler Medical Marijuana made its interest in TGOD less strategic.

The Edmonton, Alberta-based company has a number of investments in cannabis companies, including Choom and High Tide, and owns 17 subsidiaries in the industry.

Aurora trades under the ticker symbol ACB on both the New York Stock Exchange and the Toronto Stock Exchange. The Green Organic Dutchman trades as TGOD on the Canadian Securities Exchange.

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