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BIG DEAL: Aura Health closes strategic investment in HolyCanna bolstering international strategy

Oct 29, 2018

Aura Health Inc. (CSE: BUZZ), a publicly listed company building an international network of cannabis assets closed a 54% equity stake in HolyCanna Ltd. (“HolyCanna”), an Israeli based company with a cannabis nursery and cultivation license. As part of the transaction, Aura subscribed for an unsecured convertible debenture note in HolyCanna which automatically converts into 54% equity stake once Aura is added to the license. Aura will be immediately entitled to a control position in HolyCanna.

Minden Gross LLP acted for Aura in the transaction with a team led by David Judson (Partner, Business Law/Securities & Capital Markets) and Andrew Elbaz (Partner, Securities & Capital Markets).