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Aurora’s Buying Spree Raises ‘Question Marks’ Ahead of Pot Legalization

  • Lack of detail on integration a concern, Faircourt CEO says
  • Aurora’s Edmonton pot facility to be fully complete early 2019
Aurora CEO Terry Booth Rides Canada's Marijuana Legalization Wave
Photographer: Jason Franson/Bloomberg

One of Canada’s largest marijuana companies is on a buying spree that’s leaving "question marks” for investors, according to a portfolio adviser with a focus on the fast-growing industry.

Since November, Aurora Cannabis Inc. has invested in retail liquor stores, an organic waste technology company, and acquired multiple cannabis producers, including CanniMed Therapeutics Inc. That streak of deals culminated in this week’s C$2.49 billion ($1.94 billion) agreement to purchase rival grower MedReleaf Corp. in the industry’s largest takeover.