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Aurora Cannabis says CanniMed merger plan is prosperous and certainly will finalize takeover quickly

Aurora Cannabis says CanniMed merger plan is prosperous and certainly will finalize takeover quickly

Aurora Cannabis Inc. announced it has been effective in its C$1.1-billion ($852-million) bid to get CanniMed Therapeutics Inc. The Edmonton-based cannabis business expressed hopes to finalize its purchase of most released and outstanding typical stocks of CanniMed when feasible.

Aurora’s statement came around 90 days after introducing a hostile takeover bid when it comes to Saskatoon-based CanniMed. Its original C$24-per-share offer was indeed notably less than exactly exactly what CanniMed stockholders were prepared to simply take.

It could be recalled that Aurora needed to revise its offer to C$43 per share. Continue reading “Aurora Cannabis says CanniMed merger plan is prosperous and certainly will finalize takeover quickly”