 Hey guys, this is Rich from Rich TV Live and we got some breaking news here again from Aurora Cannabis This is the news we've been waiting for Aurora Cannabis receives final regulatory approval and completes acquisition of ICC Labs This is huge. This is establishing a leadership position and platform for growth in Latin American market Aurora Cannabis, which is ACB on the New York Stock Exchange and on the TSX Toronto Stock Exchange and is A1C4WM in Frankfurt and ICC Labs Inc under the symbol ICC on the TSX Venture Exchange are pleased to announce today the completion of the previously announced plan of Arrangement the arrangement pursuant to which Aurora has acquired all of the issue not standing common shares of ICC for 195 per share payable in common shares of Aurora the Aurora shares Reflecting an aggregate purchase price of approximately 290 million ICC is now a wholly owned subsidiary of Aurora completion of the arrangement follows receipt of approval of the arrangement from the Instituto de Regulacen e Control Del Cannabis the Uruguayan regulatory authority overseeing the regulation and control of cannabis in Uruguay ICC's common shares will be delisted from the TSX Venture Exchange Subject to the TSX Venture Approval and applications will be made for ICC to seize being a reporting issuer the acquisition of ICC establishes Aurora as the industry leader in Latin America Huge news a region which encompasses more than 650 million people from across Mexico the Caribbean Central America and South America ICC based in Uruguay the first country in the world to legalize cannabis for adult consumer use has developed A strong portfolio of high-quality low-cost production assets product offerings and commercial agreements located in Uruguay's free trade zone ICC state-of-the-art science and GMP compliant processing facility the first of its kind in Latin America Bring very significant capacity and early mover advantages to build significant market share both in Latin America and the International cannabis and wellness markets. What does management think the transaction combines two pioneering cannabis companies with fully aligned international growth ambitions Immediately positioning Aurora as the market leader in Latin America an area with well over 650 million people said Terry Boots CEO of Aurora not only does ICC have Substantial low-cost high-quality production capacity It is the first company in Latin America, which has completed a GMP compliant extraction facility which will play an important role in supplying higher-margin CBD based products for the global cannabis and wellness markets together ICC and Aurora will accelerate the development of our well-diversified product portfolio and extensive distribution distribution channels to capitalize on the substantial opportunities in the global cannabis industry Neal below chief global business development officer added Alejandro and his team have developed one of the deepest international networks Aurora has encountered ICC has leveraged its early mover advantage in Uruguay to capitalize on the significant growth opportunities in the broader Latin American cannabis markets with world-class production Process facilities and distribution infrastructure in place the transaction strengthens Aurora's position as the global partner of Choice in multiple international markets Alejandro Antelich CEO of ICC labs added the complimentary nature of our two organizations Makes this transaction an ideal fit that will allow us both to realize our ambitions growth strategies We're excited to announce our upcoming official grand opening of the first state-of-the-art laboratory in Latin America on November 28th This facility based in Uruguay is focused on the development of pharmaceutical grade products Derived from cannabis and hemp with our Latin America facilities coming online as well as multiple supply and distribution agreements in large International markets in place. We believe that Aurora's resources innovation capabilities and broad global distribution networks represents an ideal partner to accelerate our growth What do you think about this news? Smash the like button comment down below share the video everywhere This is a big deal that we've been waiting for it is now official It is done This deal is complete under the arrangement each holder of common shares of ICC has received approximately 0.2161 Aurora shares for each common share of ICC held and Aurora has issued a total of 31,904,668 Aurora shares Pursuant to the arrangement not giving effect to the exercise of any ICC compensation options or ICC warrants as such terms are defined in the arrangement agreement dated September 8th 2018 between ICC and Aurora which as of November 21st 2018 represented approximately 3.2% of the outstanding Aurora shares after giving effect to the transaction Remember rich TV live is strictly for education and entertainment purposes Do your due diligence do your research before you invest in anything that we talk about here rich TV live I love this acquisition. This just makes Aurora bigger and like they said the global leader one of the global leaders in Latin America now and One of the global leaders in the whole world a first mover And you heard it here first from your boy rich remember I've been talking about Aurora cannabis since they were under two dollars in Canada. Okay, so now they're over eight dollars I still think there's a long ways to go from here and this company's only getting bigger And you heard it here first from your boy rich if you're not winning You're definitely not watching Aurora cannabis receives final regulatory approval and completes acquisition of ICC labs Congratulations Aurora cannabis has done it again. I'm out. Peace