ACB Stock Alert: The $50 Million Reason Aurora Cannabis Is Up Today

Aurora Cannabis (NASDAQ:ACB) stock is climbing higher on Thursday after completing its acquisition of MedReleaf Australia.Aurora Cannabis used a wholly-owned subsidiary to acquire the 90% stake in MedReleaf Australia that it didn’t already own. The deal is worth $50 million with Aurora Cannabis paying $9.45 million in cash and the remaining in ACB stock.The acquisition of MedReleaf Australia gives Aurora Cannabis a firm footing in the medical cannabis market in Australia. This market is valued at $400 milli ...