Aurora Cannabis Inc. is set to acquire MedReleaf Corp. in an all-stock deal worth C$3.2 billion. Under the agreement MedReleaf common stock shareholders will receive 3.575 Aurora common shares for each MedReleaf share and upon completion existing Aurora shareholders would own 61 percent of the pro forma company while existing MedReleaf shareholders would own 39 percent.

The combined company would have nine cannabis cultivation facilities in Canada and two in Denmark capable of producing 570,000 kilograms (about 1,256,635 pounds).

“This is a transformational transaction that brings together two pioneering cannabis companies, both committed to high technology, high quality and low cost production, to create a powerful platform for accelerated growth and success on a global scale. Our complementary assets, strategic synergies, and strong market positioning will provide us with critical mass and an excellent product portfolio in preparation for the adult consumer use market in Canada.” – Aurora CEO Terry Booth in a press release

MedReleaf CEO Neil Closner said the deal positions the combined company “to set the global standard for our industry at a pace that will be difficult to match.”

The boards of directors of both companies have unanimously approved the deal. The transaction still requires the approval of at least 66-and-two-thirds percent of MedReleaf shareholders.

Do you own a cannabis industry business? Create a listing in our directory and get discovered by new clients - Click Here
.

Tags: , , | Categories: Cannabis Business News International Cannabis News

Learn about cannabis businesses:

View the directory | Get featured here

  • Denali Accountants

    We offer a complete bookkeeping and accountancy service to self-employed individuals and small businesses. We have been providing these services for 30 years and have built up a strong client base of small businesses. We understand your needs and deliver a personal service catering to the specific needs of your business. We are diamond QuickBooks Pro advisors!

  • HempStaff

    HempStaff is an industry leader in Marijuana Industry Recruiting and Dispensary Training. We strive to find the perfect match for Employers and Employees in the Cannabis Industry. From Dispensary Managers and Master Growers to Cannabis Chefs and Trimmers, we find the right match for both our clients and candidates. We are currently working with marijuana business owners across America to help them locate qualified employees as well as providing Dispensary Training for the entry level employee in states with new markets.

  • Green Fields Accounting

    We have a full bookkeeping service to help you keep your financial statements compliant. We are also experts in taxation. We keep informed of all the latest industry tax changes. We are also Enrolled Agents who are experts in defending our clients in audits with the IRS. We can also help with sales and excise taxes applicable to your business. We will make sure you understand Form 8300 and take care of the e-filing of this form.

  • Harbor Collective MMCC

    Harbor Collective is your Downtown San Diego dispensary. 100% LEGAL! Voted Best City-Approved Medical Marijuana Dispensary in San Diego. Harbor Collective MMCC provides quality flowers of Indica, Sativa and Hybrids. We also have a wide selection of Moon Rocks, Cartridges, Edibles, Topicals, Pre-Rolls, Extract Wax and Extract Concentrates. We carry a selection of clones for sale but they sell fast so back orders are sometimes expected. We have great deals on Eternal Cartridges at 4 for $100! and much more! View our special offers page to benefit from our friendly hearts.

  • Diamond Business Loans

    Diamond Business Loans, is a Direct Lender, Syndicate, and Brokerage. Whether you need to get new equipment, finance your accounts receivable and inventory, raise working capital, or acquire a company, DiamondBL.com can do it all. From StartUps to well-established businesses, we have a financing solution for you. Please contact us today for a free, no obligation analysis of your financing needs.

  • Cannabis Cash Solutions

    At Cannabis Cash Solutions we specialize in automating cash handling for marijuana-related businesses. Our turnkey cash management system makes it easy to start protecting your investment today.

  • Cannabis Accounting Group, a CWSEAPA Company

    We believe that what sets us apart from other accounting firms, is working within the Tax Code to find a way around the oppressive Section 280E Rules.

  • GRND: Global Recruiting Network Development

    GRND is a global recruiting agency that specializes in executive recruiting. GRND recruits and retains elite professionals that bring leadership, ethics, professionalism, and innovation to the cannabis industry. At GRND, we’ve created a culture of community that stretches across continents. We value our candidates and clients by bringing value to their lives and businesses. When we work together, we grow together. Ready To Grow?

  • CORE Security Solutions

    CORE Security Solutions, Inc. provides security services to a wide array of clients, including the rapidly growing cannabis industry. We are fully licensed and insured by the California Bureau of Security and Investigative Services (BSIS). We currently provide security services to several local cannabis dispensaries in the Bay Area and secure transport and delivery services for cannabis products and proceeds throughout California. Our security specialists are all licensed and our transport vehicles are equipped with secure storage and GPS tracking.

  • Headset

    Headset is the first real-time business intelligence and analytics service for the cannabis industry. We are a data-driven cannabis tech company and we’re passionate about helping the industry succeed. Our services cover an array of specialized needs that businesses in the industry have, be they growers, extractors, processors, or retailers.

  • Weed Pay LLC

    Weed Pay is a cannabis banking and merchant services company. We think differently than conventional credit card processing companies due to our history of handling high-risk accounts. We are experts in the field of alternative payment options, merchant accounts, and banking. Our mission and vision are to provide needed customer support services to the cannabis industry within these areas.

  • Marijuana Marketing Xperts

    Marijuana Marketing Xperts is a division of V Digital Services that focuses solely on digital marketing for the marijuana industry. Our services include SEO, Website Design & Development, Programmatic Advertising, Print and Social Media. What makes us unique is our cannabis programmatic advertising network designed specifically to reach audiences interested in medical and recreational marijuana wherever they are.

Want a job in the cannabis industry?

Sign up to apply for unlimited jobs and get discovered by companies who are hiring

Post Your Resume View all jobs

Best vacancies

CEO
June 18, 2018

Subscribe for daily cannabis news, announcements, and business insights.