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Money Marijuana grower Aurora's buying spree continues with new deal

22:31  12 june  2018
22:31  12 june  2018 Source:   bloomberg.com

Senate poised to vote on legalizing pot

  Senate poised to vote on legalizing pot Senate poised to vote on legalizing potBill C-45 appears likely to pass, despite the resolute opposition of the 32 Conservative senators and uneasiness among some independent senators.

Aurora Cannabis Inc., the Canadian marijuana grower trying to complete the industry’ s largest takeover, agreed to acquire yet another company as it races to expand its scale and reach ahead of legalization.

Aurora Cannabis Inc., the Canadian marijuana grower trying to complete the industry’ s largest takeover, agreed to acquire yet another company as it races to expand its scale and reach ahead of legalization. Saudi Fund in Talks to Invest in Tesla Buyout Deal August 13, 2018, 4:41 AM EDT.

Employees tend to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada, on Tuesday, March 6, 2018.: Marijuana grower Aurora's buying spree continues with new deal© Bloomberg Marijuana grower Aurora's buying spree continues with new deal

(Bloomberg) -- Aurora Cannabis Inc., the Canadian marijuana grower trying to complete the industry’s largest takeover, agreed to acquire yet another company as it races to expand its scale and reach ahead of legalization.

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Canada's Senate votes to legalize recreational marijuana

  Canada's Senate votes to legalize recreational marijuana Canada's Senate on Thursday voted to legalize recreational marijuana, clearing a major hurdle that puts the country on track to become the first Group of Seven nation to permit national use of the drug. The upper chamber Senate voted 56-30 in favor of the legislation but included amendments that the House of Commons will need to decide on before the law can be passed.While there is not yet a definite date for when marijuana will be available for sale, the Senate was one of the last significant obstacles standing in the way of legalization as a number of Conservative senators oppose the bill.

Did you know about Marijuana Grower Aurora ' s Buying Spree Continues With New Deal . Aurora Cannabis Inc., the Canadian marijuana growe Share with your friend.

Aurora Cannabis is buying smaller pot producer CanniMed Therapeutics after a far-from-mellow takeover battle between the firms. The deal is the largest so far in Canada' s fast-growing cannabis sector, and creates the world' s most valuable marijuana company.

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Anandia Laboratories Inc. is set to be bought by Aurora for about C$115 million ($88 million) in an all-stock transaction, the companies said Tuesday in a statement. Closely held Anandia holds exclusive rights to some cannabis genetics, offers third-party testing, carries out plant breeding and operates an R&D laboratory in Vancouver and is building a separate lab and greenhouse complex in Comox, British Columbia.

Aurora has set a dizzying pace for deal-making in Canada’s emerging cannabis industry. Besides the Anandia deal, it has announced at least 14 other acquisitions in the past two years, according to data compiled by Bloomberg. That includes last month’s agreement for Aurora to purchase rival grower MedReleaf Corp. for about C$3.22 billion.

Marijuana bill heads back to Senate

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for Ontario marijuana producer MedReleaf, said there’ s still a lack of definitive testing, and many employers have not educated staff on new policies. “Cannabis is a whole new area and ultimately comes down to policy that can evaluate for impairment and discipline for it,” said Oland – adding the

Aurora issued 69.3 million new shares and paid 4 million (in Canadian dollars) to buy CanniMed. MedReleaf is around three times bigger than CanniMed. These companies would probably find larger marijuana growers with low-cost production more appealing than smaller players.

“The strength of Anandia’s expert staff, proprietary assets and know-how will provide Aurora with a very significant advantage in developing new cannabis cultivars,” Aurora and Anandia said in their statement.

Aurora M&A Spree Raises ‘Question Marks’ Before Weed Goes Legal

To contact the reporter on this story: Simon Casey in New York at [email protected]

To contact the editors responsible for this story: Simon Casey at [email protected], Joe Ryan

©2018 Bloomberg L.P.

Carter pleads guilty; receives absolute discharge .
The Riders' Duron Carter has received an absolute discharge after pleading guilty to the first of two marijuana-possession charges he faced during the off-season. The Saskatchewan Roughriders’ Duron Carter has received an absolute discharge after pleading guilty to a charge of marijuana possession.That charge was laid Nov. 25 after Carter was arrested at Winnipeg International Airport. The plea was entered and the case was dispensed with Monday.Carter is still facing another marijuana-possession charge, which dates back to Feb. 1 when he was arrested at Saskatoon International Airport.

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