On November 30, 2017, I wrote about Liquor Stores N.A. (TSX: LIQ) and stated that the company had a significant opportunity to expand into the cannabis retail market. On February 2, 2018, Aurora Cannabis (TSX: ACB) announced that it will be buying a 19.9% stake in LIQ at a 28% premium ($15.00/share) through a non-brokered private placement. This $103.5 million cash injection has enabled the company to rid its balance sheet of debt and aggressively move forward with Canadian store renovations. This deal will allow LIQ to concentrate on the cannabis retailing opportunities.
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