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Canada’s second largest cannabis company plans to place its U.S. assets into a new separate company that will focus on investing in the cannabis and real estate sector there. TSX-listed Aurora Cannabis said Wednesday it plans to distribute units of its subsidiary Australis Capital Inc. to shareholders in the near future. Canadian residents who own Aurora shares will receive one unit in the new company for every 20 shares in Aurora that they currently have. They will continue to own their shares in Aurora, but will also own shares in the new company too. Shareholders will also receive a warrant that allows them to buy more shares in the new company for 25 cents each, one year after the deal is finalized. Aurora Cannabis to spin out US assets into separate company

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