Aurora Cannabis Invests $1M in Canadian Drug Delivery Company

Canadian cannabis producer Aurora Cannabis has invested $1 million in CCT Pharmaceutical Holdings, Inc, the developers of an oral dose-specific dissolving thin film wafer drug delivery technology. The investment, with a 5 percent convertible debenture, gives Aurora a 9.14 percent interest in CTT and the agreement includes issuance of warrants enabling Aurora to increase that […]

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Aurora Cannabis Reaches Deal to Acquire MedRealf in C$3.2B Stock Deal

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 […]

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Aurora Cannabis German Subsidiary Ships MMJ to Italy; First Non-Government Supplier to Italian Market

Aurora Cannabis has shipped medical cannabis to the Italian government, becoming the first non-government supplier to the Italian market. The products were shipped from the Canadian company’s wholly-owned German subsidiary Pedanios GmbH. The products will be distributed through Italian pharmacies. In January, Aurora and Pedanios won a public tender to supply the Italian government with […]

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Canadian MMJ Producers Aurora and CanniMed Come to Terms in $1.1B Deal

In the most valuable cannabis industry deal to date, Canadian medical cannabis producers Aurora Cannabis Inc and CanniMed Therapeutics have entered into a support agreement that will create the most valuable cannabis company in the world. The deal, which comes months after Aurora set in motion a hostile takeover bid of CanniMed and led to the […]

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Aurora Subsidiary Wins Italian MMJ Contract

Pedanios GmbH, a wholly-owned subsidiary of Canada’s Aurora Cannabis Inc., has won a contract to supply medical cannabis to the Italian government through the Ministry of Defense, which oversees the nation’s medical cannabis program. Under current Italian law, the Defense Ministry currently produces the medical cannabis for Italian patients, but some wholesalers can purchase products […]

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Aurora Stock Climbs on Domestic and European MMJ Success; Firm Buys More CanniMed Stock

Canadian medical cannabis company Aurora Cannabis Inc. saw a 10 percent increase in their stock price on Tuesday after announcing they had sold 354 kilograms (780.4 pounds) of cannabis in Canada and Germany in November. The stock, traded on Canada’s Toronto Stock Exchange, opened Tuesday at CA$10.75 and closed at CA$11.82. Aurora announced its domestic […]

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Canadian Regulators Make Initial Ruling in Aurora-CanniMed Takeover Saga

The Ontario (Canada) Securities Commission has issued a regulator ruling in Aurora Cannabis Inc.’s attempted hostile takeover of CanniMed Therapeutics Inc., indicating that any securities issued by CanniMed as a defense against the bid must be cease-traded, the Canadian Press reports. The ruling requires Aurora to amend its takeover bid circular and all related press […]

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Aurora Cannabis and CannaRoyalty Close to International MMJ Tech Deal

Canadian cannabis firms Aurora Cannabis and CannaRoyalty have signed a letter of intent which would give Aurora exclusive rights to MüV brand products – to which CannaRoyalty holds the licensing rights – in Canada, Europe and Australia. The products covered under the agreement include: MüV Metered Dose Inhaler MüV Transdermal Patch CBD Sports Gel CBD […]

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CanniMed Takes ‘Poison Pill’ in Attempt to Thwart Aurora Takeover

In the midst of the hostile takeover attempt by Aurora Cannabis, CanniMed Therapeutics has adopted a shareholder rights plan – or “poison pill” – preventing Aurora from buying more shares or entering in any new lock-up agreements with current shareholders. According to a press release, the purpose of the plan is to ensure CanniMed shareholders […]

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Aurora Posturing for Hostile CanniMed Takeover After Initial Bid Rejected

CanniMed has rejected Aurora Cannabis’ unsolicited takeover offer; however, Aurora is now planning a hostile takeover by offering investors Aurora stock worth C$24 per CanniMed share, according to a Bloomberg report. The deal is valuing CanniMed stock 57 percent higher than its Nov. 14 closing price, and investors holding 38 percent of CanniMed shares have […]

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Aurora Makes ‘Unsolicited Offer’ for CanniMed Takeover

Canada’s Aurora Cannabis Inc. is seeking to takeover CanniMed Therapeutics in an all-stock $455 million deal, according to a Bloomberg report. The deal values CanniMed stock at C$24 a share, 57 percent above Tuesday’s Toronto Stock Exchange closing price. Aurora Executive Vice President Cam Battley told Bloomberg that the firm is “making a very big […]

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Aurora Cannabis Acquires Two Indoor Gardening Appliance Producers

Canadian medical cannabis producer Aurora Cannabis has acquired indoor gardening companies BC Northern Lights and Urban Cultivator Inc. The companies are expected to generate a combined $5 million in revenues this fiscal year, which ends Oct. 31. The firms produce and sell high-yield, indoor appliances for microgreen, vegetable, herb, and cannabis cultivation for homes. BC […]

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