Aurora Cannabis Inc. entered into a letter of intent to acquire Whistler Medical Marijuana Corporation ("Whistler") from Cronos Group Inc. and others for approximately CAD 160 million.
Closing of the transaction is subject to customary closing conditions, including execution of definitive documentation, completion of satisfactory due diligence, receipt of approval of the shareholders of Whistler, and receipt of applicable third party and regulatory approvals and the satisfaction of other conditions customary in transactions of this nature. Stoic Advisory Inc. acted as financial advisor and Norton Rose Fulbright Canada LLP acted as legal advisor to Whistler. McMillan LLP served as legal counsel to Aurora.