Thursday, October 30, 2025

Aurora Cannabis “Sells” Medicine Hat Facility To Bevo Farms

Aurora Cannabis (TSX: ACB) has sold what was at one time to be a flagship facility operated by the company in southern Alberta.

The Aurora Sun facility, located in Medicine Hat, Alberta, has been sold to that of Bevo Farms. The transaction was conducted via the sale of an Aurora subsidiary that owned the facility to that of Bevo.

It’s currently unclear just how much the company received from the sale, with the company declaring it receive “up to $15 million,” dependent upon certain milestones being achieved at the facility.

The strange terms of the facility sale appears to be a result of Aurora owning a controlling interest in Bevo Agtech, the parent company of Bevo Farms. In August 2022, Aurora took a 50.1% in the vegetable and ornamental plant grower for $45 million. As part of that deal, the firms Edmonton facility, Aurora Sky, was sold to Bevo.

READ: Aurora Cannabis Acquires Majority Stake In Former Zenabis Subsidiary Bevo Farms

As a result of the controlling interest, revenue and earnings generated by Bevo are consolidated on Aurora’s balance sheet – but it also means that the “sale” amounts to a reshuffling of the facilities ownership amongst Aurora’s interests. The shuffle of ownership meanwhile is expected to reduce annual carrying costs for Aurora by $2 million.

Aurora Cannabis last traded at $0.67 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

Aurora Cannabis Revenues Decline 26% To $56.0 Million, Losses Increase

Aurora Cannabis (TSX: ACB) (NYSE: ACB) released its second quarter financials this morning, reporting net...

Thursday, February 13, 2020, 08:00:33 AM

Aurora Cannabis Acquires Undisclosed Stake In Dutch Cannabis Firm, Zero Details Provided

With its Canadian market share falling apart, Aurora Cannabis (TSX: ACB) has evidently placed its...

Monday, November 8, 2021, 08:42:23 AM

Aurora Cannabis, Aphria Said To Have Walked From Potential Merger Over Executive Compensation

It’s been reported by BNN Bloomberg that Aphria Inc (TSX: APHA) (NASDAQ: APHA) and Aurora...

Tuesday, July 14, 2020, 04:23:23 PM

BofA Terminates Coverage On Tilray, Aurora Cannabis

On November 18th, Bank of America terminated coverage on Tilray Inc (TSX: TLRY) and Aurora...

Friday, November 19, 2021, 11:47:00 AM

Aurora Cannabis Looks To Raise US$125 Million Via Bought Deal

Aurora Cannabis (TSX: ACB) (NYSE: ACB) seemingly can’t resist returning to the market when financings...

Thursday, January 21, 2021, 07:46:29 PM