Canada’s Aurora Cannabis buys Mexico’s Farmacias Magistrales

December 12, 2018
AggregatedNews
Banking, Finance & Real Estate
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MEXICO CITY (AP) — Aurora Cannabis Inc. of Edmonton, Alberta, said Monday it has signed a letter of intent to acquire all outstanding shares of Mexico’s Farmacias Magistrales SA.

Farmacias Magistrales is a Mexican importer of raw materials containing THC, the active ingredient in marijuana. It will distribute medical cannabis products containing over 1 percent THC, apparently through health care professionals.

In 2017, Mexico approved the use of marijuana for medicinal purposes. The previous year, the Mexican government began granting permits letting some patients import medicinal marijuana products. [Read More @ Seattle Times]

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