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flag Aurora Cannabis acquires 90% of MedReleaf Australia for $44M to expand in Australia's $400M medical cannabis market.

flag Aurora Cannabis, a Canadian cannabis company, has acquired 90% of Australian medical cannabis company MedReleaf Australia for approximately $44 million. flag This acquisition is positioned to accelerate Aurora's path to positive free cash flow generation by leveraging Australia's growing medical cannabis market, which is now estimated at $400 million. flag Aurora has experienced a third-quarter net loss of $25.5 million (CAD) but remains committed to its strategic expansion plan.

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