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 »