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Aurora Cannabis takes control of hemp food distributor Hempco

Aurora Cannabis Inc. took control of Hempco Food & Fiber Inc. by raising its stake in the Burnaby, Canada-based hemp food distributor to 52.7%.

The Vancouver, Canada-based medical marijuana company exercised its right under a private option agreement and purchased 10,754,942 additional Hempco shares.

Hemp is a variety of cannabis cultivated for its highly nutritious fibers and its edible seeds.