British Columbia, Home of Digital Health Deals

British Columbia, Home of Digital Health Deals

British Columbia is probably not tops on your list of places that feature health care deals. You’d be right, of course. American states like California, Massachusetts and Texas routinely weigh in with the most transactions per month. January 2019 is different, however, in the digital health sector. Two transactions in the eHealth sector were announced in the first three weeks of the month. One even disclosed a price, which is another surprise. NerdEMR Services Ltd., based in North Vancouver, was acquired by WELL Health Technologies (TSX.V: WELL), formerly known as Wellness Lifestyles Inc. for $2.55 million. WELL owns and operates a portfolio of primary healthcare facilities. On a... Read More »
Deal of the Week: Aurora Cannabis/CanniMed Therapeutics

Deal of the Week: Aurora Cannabis/CanniMed Therapeutics

Canada’s cannabis industry is consolidating. Aurora Cannabis Inc. (OTCQX: ACBFF), the country’s second largest producer of cannabis and cannabis oil, is acquiring Saskatoon, Saskatchewan-based CanniMed Therapeutics Inc. (TSX: CMED) for approximately C$1.1 billion (US$893,343,000) in an all-stock offer. CanniMed bills itself as an international plant biopharmaceutical company with 17 years of pharmaceutical cannabis cultivation experience. The impending legalization of marijuana that is expected to become law in July 2018 is pushing marijuana producers to lock down growers who can help keep up with the expected demand. This acquisition is the largest in the global marijuana... Read More »