Canada’s Aurora Cannabis to merge with CanniMed in bid in order to become world’s biggest weed company
Aurora Cannabis Inc., one of several biggest cannabis manufacturers in Canada, has decided to obtain smaller CanniMed Therapeutics Inc. for C$1.1 billion or $852 million in an attempt to produce the cannabis that are top on earth. The cash-and-stock deal uses days of tensioned conversation between the 2 companies that are rival.
Aurora revises original offer
Initially, Aurora made a bid that is hostile CanniMed capped at C$24 per share. This offer that is original notably less than just just what CanniMed was prepared to just simply take, particularly in light of Canada’s nationwide legalization of leisure cannabis, which will be set to officially simply take impact this July. [Read more...]