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Aurora filing dissident circular against CanniMed’s acquisition of Newstrike

Aurora Cannabis Inc. is taking further steps to convince CanniMed Therapeutics Inc. shareholders that the proposed acquisition of Newstrike Resources Ltd. is a “terrible deal” compared to its own hostile bid of the Saskatoon-based medical marijuana producer.

Aurora (TSX: ACB) plans to file a dissident circular and will solicit votes against CanniMed’s resolution to issue shares in connection with its proposed acquisition of the Tragically-Hip backed Newstrike (TSXV:HIP).


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CanniMed seeks regulatory action against hostile takeover bid by Aurora

Vancouver-headquartered Aurora argues that CanniMed (TSX:CMED) is Newstrike’s “last lifeline” and a significant portion of its capacity is unfunded.

Last month, Aurora launched an all-stock takeover bid for CanniMed, with one of its conditions being that CanniMed abandon its own proposed deal for Toronto-based Newstrike.

CanniMed has said its plan to acquire Newstrike is the better plan and alleges that Aurora has launched an “insider bid” working jointly and in concert with some of its shareholders.

Both CanniMed and Aurora have called on regulators to intervene, with a hearing scheduled for Wednesday.



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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.

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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

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