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Canada: Aurora Cannabis acquires Chemi Pharmaceutical

By  |  April 25, 2019
Canada: Aurora Cannabis acquires Chemi Pharmaceutical

Aurora Cannabis announced today that the company has signed a binding share purchase agreement whereby Aurora has acquired all of the issued and outstanding common shares of privately-held Chemi Pharmaceutical, an Ontario -based laboratory specialized in providing high quality analytics services to the pharmaceutical and cannabis industries, in a cash and share transaction.

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    Chemi has a Health Canada Drug Establishment Licence enabling them to perform certified GMP compliant quality control analytical testing. In addition, Chemi has received US FDA accreditation for their facility, which is the gold standard for global pharmaceutical testing.

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    As the Canadian cannabis industry matures, the cultivation and processing operations of licensed producers, including Aurora, have developed rapidly to meet the growing demand from medical patients and consumers alike. Expanding Anandia’s analytical testing footprint will enable it to service a broader base of domestic and international clients while ensuring continued timelines and quality of its testing services for existing clients.

    Full Content: New Cannabis Ventures

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