Canadian marijuana producer Aurora Cannabis closed on the sale of its enormous Aurora Sun greenhouse to Bevo Farms, although the exact value of the transaction was not disclosed.
The facility sale could result in payments of up to 15 million Canadian dollars ($11.4 million) “over time” by Bevo Farms to Aurora, “based on Bevo Farms successfully achieving certain financial milestones” at the facility, Aurora said in a Monday news release.
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Aurora is not currently disclosing further details regarding the deal’s value, a spokesperson told MJBizDaily.
Bevo Farms is a subsidiary of flower and vegetable producer Bevo Agtech, a flower and vegetable producer.
Aurora acquired a controlling interest in Bevo in 2022 for CA$45 million, a deal in which Bevo bought the Aurora Sky facility in Edmonton, Alberta.
The massive Aurora Sun facility in Medicine Hat, Alberta, was originally put up for sale by Aurora in 2021,
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