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Aurora Cannabis completes C$7M Choom investment

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Aurora Cannabis completes C$7M Choom investment

Canada's Aurora Cannabis Inc. completed a previously announced C$7 million investment in Choom Holdings Inc.

Aurora acquired 9,859,155 Choom common shares at 71 Canadian cents each, representing a 6% ownership interest in the provider of premium cannabis products.

The investment positions Aurora within the craft cultivation market, CEO Terry Booth said in a news release.

Choom Holdings was formerly known as Standard Graphite Corp. and changed its name to Choom Holdings in November 2017.