March 19, 2019 / 11:30 AM / a year ago

BUZZ-Aurora Cannabis: Gains on procurement deal with Australia's Cann

** U.S.-listed shares of Aurora Cannabis up 3 pct at $10.24 in premarket trading; stock among the top traded shares across U.S. exchanges before the bell

** ACB ties up with Australian medicinal cannabis cultivator Cann Group Ltd to buy medical cannabis produced at CAN’s facilities until 2024

** ACB will buy all production beyond what is needed by patients of CAN, whose shares closed 37.7 pct higher on Tuesday on the ASX

** The deal, whose specific terms and pricing were not disclosed by CAN, also features a price review mechanism

** CAN says ACB, which named billionaire investor Nelson Peltz as a strategic advisor last week, holds a 22.9 pct stake in the Australian firm

** Up to Monday’s close, Aurora’s U.S.-listed stock has doubled this year, compared with a 53.7 pct jump in the ETFMG Alternative Harvest ETF (Reporting by Aaron Saldanha in Bengaluru)

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