|Bid||1.0000 x 0|
|Ask||1.0200 x 0|
|Day's Range||1.0000 - 1.0300|
|52 Week Range||0.8000 - 2.0900|
|Beta (3Y Monthly)||12.08|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
WKN: A1C4WM) today announced that it has agreed to terms to acquire a 51% ownership interest in Gaia Pharm Lda ., a license applicant in Portugal , to establish a local facility to produce medical cannabis and derivative products. The company will be renamed "Aurora Portugal Lda".
WKN: A1C4WM) announced today that Michael Singer , previously Chairman of the Board, has been appointed Executive Chairman of the Board of Directors. The Company also announced that independent director Ronald Funk has been named Lead Independent Director and Margaret ("Sha n") Atkins has been appointed as a new independent director and Chair of the Audit Committee.
WKN: A1C4WM) today announced that the Company's construction of a 300,000 square foot expansion at the Edmonton International Airport is progressing well. The new facility, named Aurora Polaris, is intended to serve as Aurora's centre of excellence for the industrial-scale production of higher margin, value added products, such as edibles which Health Canada regulations propose to permit from October 2019 onwards.
Aurora Cannabis Announces Confirmed Time for its Conference Call to Discuss Second Quarter 2019 Results
In 2016, Aurora identified Radient's proprietary extraction technology (MAP™) as potentially disruptive for the cannabis industry due to its ability to achieve much higher throughputs than is possible with existing benchmark technologies, as well as its efficiency and ability to preserve the full spectrum of cannabinoids and terpenes found in the source material.
"These convertible notes offer Aurora the flexibility and optionality to settle the entire principal amount of the notes in the future for cash, shares, or combination thereof," said Aurora CEO Terry Booth . Aurora expects to use the net proceeds from the offering of the notes to support its Canadian and international expansion initiatives, for future acquisitions and for general corporate purposes, including working capital requirements to continue the Company's accelerated growth.
VANCOUVER , Jan. 23, 2019 /CNW/ - Hempco Food and Fiber Inc. (HEMP.V) ("Hempco®" or the "Company") is pleased to announce Q1 2019 results for the period ending November 30, 2018. Revenue growth was due to execution of the Company's recently announced 5-Prong strategy, including entering into new international markets (e.g New Zealand ), and the development of new distribution channels (the Company added distributors in Ontario and Quebec ). The successful execution of these initiatives more than offset a fall in U.S. bulk sales, attributable to transition of a major distributor due to new ownership. While bulk sales continued to be the largest contributor to revenue, at 76% of sales for the quarter, the Company's premium consumer packaged goods ("CPG") brands, PLANET HEMP™ for consumers and PRAISE for the animal food supplement market, showed strong momentum and now account for 24% of revenues in the quarter, up from the 21% for fiscal 2018.
VANCOUVER , Jan. 18, 2019 /CNW/ - Hempco Food and Fiber Inc. (HEMP.V) ("Hempco®" or the "Company") is pleased to announce it has completed an agreement with Aurora Cannabis Inc. ("Aurora") for a non-brokered, private placement of a C$5 million non-transferable, secured, convertible debenture. The debenture will mature on the second anniversary of the date of issue. Aurora will have the right to convert the principal balance into common shares of Hempco (each, a "Hempco Share") at a conversion price of $1.18 per Hempco Share. At Aurora's election, it may also convert the simple interest into Hempco Shares at a conversion price equal to the market price for Hempco Shares in effect on the date of the notice of conversion.
The Company will issue US$300.0 million aggregate principal amount of notes, or US$345.0 million aggregate principal amount if the initial purchasers' over-allotment option is exercised in full. Aurora expects to use the net proceeds from the offering of the notes to support its Canadian and international expansion initiatives, for future acquisitions and for general corporate purposes, including working capital requirements to continue the Company's accelerated growth.
VANCOUVER , Jan. 17, 2019 /CNW/ - Hempco Food and Fiber Inc. (the 'Company" or "Hempco") (HEMP.V) is encouraged by Health Canada's proposed changes to the upcoming Canada Food Guide to be released later this year. As part of its multi-year Healthy Eating Strategy, Health Canada's latest Food Guide provides practical, nutritious eating recommendations based on best evidence, to help Canadians make sound food choices.
Aurora also intends to grant to the initial purchasers of the notes an option to purchase up to an additional US$37.5 million aggregate principal amount of notes. Aurora expects to use the net proceeds from the offering of the notes to support its Canadian and international expansion initiatives, for future acquisitions and for general corporate purposes, including working capital requirements to continue the Company's accelerated growth. The final terms of the notes will be determined by Aurora and the initial purchasers.
WKN: A1C4WM) today provided an expected revenue range for the second quarter of the Company's Fiscal 2019 ("Q2 2019"), the period ended December 31, 2018 . Based on preliminary (unaudited) results, the Company anticipates revenues for Q2 2019 of between $50 million and $55 million (net of excise taxes), compared to $11.7 million for the same quarter in the prior year, and compared to $29.7 million for the previous quarter ended September 30, 2018 ("Q1 2019"). The results reflect an anticipated revenue growth rate in excess of 327% compared to Q2 2018 and in excess of 68% compared to Q1 2019.
VANCOUVER , Jan. 7, 2019 /CNW/ - Hempco Food and Fiber Inc. (the 'Company" or "Hempco") (HEMP.V) recognizes the historic industry opportunity brought about by the signing of the 2018 U.S. Farm Bill. The newly minted Agriculture Improvement Act of 2018, commonly referred to as the 2018 U.S. Farm Bill, enacted December 20, 2018 , and effective January 1, 2019 , removes the long-held stigma and ambiguity surrounding the U.S. hemp industry.
VANCOUVER , Dec. 21, 2018 /CNW/ - Hempco Food and Fiber Inc. ("Hempco" of the "Company") (HEMP.V) today announced its results for fiscal year 2018, ended August 31, 2018 . Revenues: In the 4th quarter, revenues continued to reflect the Company's exit from the negative margin Korean market. In addition, revenues were affected short-term by quality issues at the Company's Manitoba processing facility and the transition of a US client.
/THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES ABSENT SUCH REGISTRATION OR AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS. WKN: A1C4WM) ("Aurora") as well as 1,330 Debentures to other Offering participants for gross proceeds to date of $11,330,000 .