Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!

Aurora Cannabis Raises Alcanna Ownership by 33.33%

Aurora Cannabis Raises Alcanna Ownership by 33.33%Aurora Cannabis Inc. (TSX: ACB) announced on May 10th that previously set escrow conditions were met and the release of funding has been triggered. The released funding is $34.6 million that went to Alcanna Inc. (TSX: CLIQ) in exchange for the conversion of 2,300,000 subscription receipts into 2,300,000 common CLIQ shares. Aurora Cannabis now has an aggregated 9,200,000 million common shares of Alcanna stock and owns 25% of Alcanna.

Alcanna intends to use the $34.6 million in funding from Aurora to create and launch brick-and-mortar retail locations for legal cannabis sales. They plan to launch an initial 50 cannabis retailers in Canada with the conversion of old stores and the building of new ones.

Aurora Cannabis still retains the right to increase the ownership of Alcanna to up to 40% ownership until August 14th, 2019.

ACB stock has increased by 1.25% on May 11th with approximately two hours of market trading hours left.

Aurora Cannabis Raises Alcanna Ownership by 33.33%

Cannin Investment Group: Your Hemp Stocks Experts is your trusted resource for hemp stocks. Our team of financial experts evaluates all emerging hemp stock investing opportunities. We aggregate hundreds of hours of market research to provide tips on the best hemp stocks for 2020. 

Use Cannin as your resource for:

Is it too late to invest in hemp stocks? No! This is the perfect time to invest.

Wall Street analysts expect the global cannabis industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in hemp stocks is now. 

Are you interested in hemp stocks like GW Pharmaceuticals, Charlotte’s Web, Canopy Growth, or Hemp Inc.?

Are you looking to buy stock in hemp companies or marijuana companies in 2020? Interested in emerging penny hemp stocks? Interested in leveraging the power of algorithmic stock trades to profit from hemp stocks? Looking for the best Canadian cannabis stocks to invest in? We can help.

Predict price movements of hemp stocks several hours in advance with our proprietary algorithmic stock trading software.

  • +25% Gains in 2020
  • +49.8% Gains in 2019
  • Backtested since 2012

At Cannin, we’re so confident you’ll love our algotrading hemp stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.

Profit from the best hemp stocks – we’ll show you how at

Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Best Hemp Stocks