CannabisNewsBreaks – Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) Increases Investment in Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF)
British Columbia-based fully-integrated cannabis company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF), together with Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB), this morning announced that the companies have completed a non-brokered private placement of a debenture in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom at a conversion price of $1.25 per share, with a four year maturity date. The unsecured convertible debenture is subject to a minimum conversion amount of $5,000,000. Following the expiration of the hold period, if the volume weighted average trading price ("VWAP") of the common shares on the CSE…