‘Aurora Is Not For Sale,’ Cannabis CEO Terry Booth Says

By Chloe Aiello

Big beverage and big tobacco may be seducing some players in the burgeoning marijuana market, but Canada-based Aurora Cannabis is not one of them. In a Tuesday interview with Cheddar, CEO Terry Booth said it’s just too soon for his company, one of the world’s largest medical marijuana producers, to jump in bed with a major name in alcohol or tobacco.

“Big pharma, big booze, big alcohol, big tobacco, big beverage, big snack industries are looking at cannabis and its derivatives,” Booth said. “It is too early in my opinion to lock horns with any of those big players.”

Booth’s comments follow Aurora’s announcement it would acquire Mexican partner Farmacias Magistrales S.A., as it moves to expand its distribution of higher-margin derivative THC products into Mexico. Farmacias recently became Mexico’s first and only federally licensed importer of raw materials containing THC. Booth said that deal makes sense for a medical

... read more at: https://cheddar.com/videos/aurora-is-not-for-sale-ceo-terry-booth-says

by

Leave a Reply