The two companies closed the deal in preparation for marijuana becoming legalized for recreational use in Canada.
The move makes sense in Canada where regulations are more relaxed than in other countries, while the industry is mature there and there is plenty of capital to be spent.
Iran Upbeat About Oil Exports Despite Sanction Threat
Le Maire said Paris would seek to strengthen Europe's ability to block sanctions and provide investment finance to companies. They will grumble and accept it.
According to the CEO of Aurora Cannabis, "The comibination strengthens our capacity to service the rapidly expanding global medical cannabis markets, and amplifies our early-mover advantage".
The acquisition is Aurora's second large deal this year, coming just months after it bought CanniMed Therapeutics for C$1.1 billion.
Researchers warn of critical flaw affecting PGP and S/MIME
Without knowing any details of the vulnerability, I might also add that generally disabling HTML email is a jolly good idea from the security point of view as it can reduce your attack surface considerably.
The boards of both companies have approved the transaction but the deal requires approval by at least two-thirds of MedReleaf shareholders and a simple majority of Aurora shareholders. Markham, Ontario-based MedReleaf Corp.is an R&D-driven company dedicated to innovation, operational excellence and the production of top-quality cannabis.
Separately on Monday, Aurora's chief rival Canopy Growth said it would buy out a stake in a British Columbia joint venture and also announced a plan to list its shares on the New York Stock Exchange. The deal values MedReleaf shares at C$29.44, which is a 34 percent premium based on the.
All-New 2019 Mercedes-AMG GT S Roadster Arrives With 515 HP
In the standard model, this produces 469 hp and 465 lb-ft of torque, while the C version ups the ante to 550 hp and 502 lb-ft. "The new model represents the flawless alternative for the performance-oriented AMG GT Roadster customer".