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Aurora Cannabis Divests The Green Organic Dutchman Stake

TheMotleyFool

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Aurora Cannabis Divests The Green Organic Dutchman Stake

Aurora Cannabis (NYSE: ACB) has unloaded one of its assets. The company announced in a press release that it has entirely sold out of its stake in peer marijuana stock The Green Organic Dutchman Holdings (OTC: TGODF).

All told, Aurora sold just over 28.8 million shares of TGOD. The price was 3 Canadian dollars per share, bringing in a total of CA$86.5 million. Aurora said this gives it a roughly 50% internal rate of return on the holding, which it acquired in early 2018.

Image source: Getty Images.

Source Fool.com

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