facebook

Aurora Cannabis to begin integration with CanniMed after successful friendly offer

Edmonton-based licensed producer Aurora Cannabis Inc. says it has been successful in its friendly offer for CanniMed Therapeutics Inc. and will now begin the process of combining the two companies.

The company says 70.66 per cent of CanniMed’s shares have been tendered to its offer and that it will now take up and pay for them as soon as possible.

READ MORE: Aurora Cannabis eyes international stock exchange possibilities

Aurora will issue about 50.6 million shares and pay about $98 million in cash for the CanniMed Shares tendered as of Thursday.

The offer for the remaining outstanding shares has also been extended by 15 days to 11:59 PT on March 25

Aurora struck a stock-and-cash deal valued at $1.1 billion to buy CanniMed in January.

The agreement ended a sometimes-bitter takeover battle between the marijuana companies.

READ MORE: Shoppers Drug Mart signs medical marijuana supply deal with Aurora Cannabis

Aurora Cannabis’ Aurora Sky growing facility being built at the Edmonton International Airport is poised to be the largest licensed cannabis facility in the world.

The Aurora Sky facility being built by Aurora Cannabis at the Edmonton International Airport on Feb. 5, 2018.

Tom Vernon, Global News

Aurora also operates a 55,000-square-foot cannabis facility in Cremona, just north of Calgary, and two other facilities in Quebec.

READ MORE: Aurora Cannabis calling Edmonton home with its world HQ

The company is also working on expanding into Europe.



Source link


Global News Feed

Global News Feed

GlobalNews.ca offers Canadians from coast to coast a host of news and information – from breaking news in their town or city to deep engaging content that puts complex world issues in perspective. Our 11 local sites provide up-to-the-minute community-based news, weather and information, while our new umbrella national site features stories, analysis and deep, engaging content about issues in Canada and abroad.
Buds2Go.ca is not responsible for, nor do we always share the opinions of the content posted on our website through our partners or independent authors.

Leave a Reply


What is a Sativa?

Sativa strains of medicinal marijuana are usually uplifting and stimulating. If you’ve ever smoked or ingested cannabis that makes everything funny and puts you in a great mood, it was probably from a Sativa strain. It creates a feeling of comfort, non-drowsy, and usually introspective highs. The effects of smoking or ingesting a Sativa makes them particularly popular among artists and creatives. The most popular medicinal benefits range from treating mental and behavioral problems, to treating depression, stress and ADHD.

What is an Indica?

The major difference between Sativa’s and Indica’s is while a Sativa can make you feel alert, active, and aware, an Indica will have a relaxing feel on the body. The physical effects of an Indica strain commonly include a drowsy and mellow mood with stress and pain relief. Indica’s are one of the more suggested strains when using it for medicinal purposes as it effectively treats sleeping disorders such as insomnia, fibromyalgia, body aches and pains. Indica’s are also commonly used for treating Multiple Sclerosis, Parkinson’s disease, Fibromyalgia and Lupus

Why Choose Hybrid?

The benefits to smoking or ingesting a Hybrid strain are simply as follows. Hybrid’s offer the best of both worlds combining several qualities of each containing strain. Some Hybrid’s are Indica dominant, which will offer pain relief and / or mellow mood, however may contain up to 50% Sativa so it will not make you too drowsy. Other’s may offer a Sativa dominant strain, which will encompass several calming benefits and pain relief, but also give a mellow, yet energetic high.

Why use Buds2Go?

We offer a guaranteed, reliable medicinal marijuana buying and shipping experience for our members. There are still thousands of people who don’t live in areas that are served by local dispensaries such as Vancouver and Victoria BC. We offer a Canada-Wide shipping service that is both fast and discreet and always include tracking numbers. We verify our members age using a photo ID verification system that usually takes less than 2 hours to complete, after which that data is destroyed and our new member is assigned a Verified membership number.