Via Tjasulja
Neil Closner, CEO of MedReleaf, added, "MedReleaf was founded on the belief that by striving to be the Medical Grade Standard and bringing the highest level of quality and rigor to the cannabis industry, we would produce safe, consistent, and effective products that help improve the quality of life of our patients and, in time, provide an unrivaled experience for the adult use consumer".
Canadian medical cannabis producer Aurora Cannabis Inc. said on Monday that it has agreed to buy MedReleaf Corp. for C$3.2 billion ($2.5 billion) in a deal that was guided by McMillan LLP.
The proposed Transaction brings together two of Canada's premier cannabis companies with fully-aligned strategic visions and production philosophies, as well as complementary assets, distribution networks, products, and capabilities. Aurora is leading the effort to consolidate the industry, having acquired more than 10 targets in the past two years.
"The combination strengthens our capacity to service the rapidly expanding global medical cannabis markets, and amplifies our early-mover advantage", Aurora Chief Executive Officer Terry Booth said in a statement.
The capitalization of the three biggest Canadian producers on the Toronto Stock Exchange has exploded in recent months. "Over the next couple weeks you'll see some more activity from Aurora", but nothing as large as the MedReleaf deal, he said. But, as Aurora's CCO says, they won't stop there - they're aiming "to become the world's largest cannabis company". This, in turn, would drive growth and opportunity for our business. A key official of MedReleaf is of the view that the firm's acquisition by Aurora will provide the shareholders an immediate premium. The company would also consider listing its shares in NY, he added.
March slated at site of suspect's death
The sheriff's office is investigating four deputies, with help from state police and the Federal Bureau of Investigation . Robinson died due to compressional asphyxia from injuries to his neck, Cvitanovich said.
ESPN, Netflix Announce 10-Hour Documentary On Michael Jordan
The news item also notes that "Jordan, other Bulls figures and dozens of sports luminaries signed on [to provide] commentary". Films and Netflix are collaborating on a 10-part docuseries about basketball legend Michael Jordan , Deadline reports .
Waugh steps down as national selector
Waugh's last set of selection assignments will include picking the squads for a five-match ODI and a one-off T20 match in England. It's yet another curveball ahead of the World T20, which Australia has never won and will host for the first time in 2020.
Weed companies are also seeking to capitalize on investor enthusiasm.
Reark agress, saying this is proof of the growing acceptance of the industry. Aphria Inc., another Canadian grower, bought Nuuvera Inc. for about C$444 million in March. Markham, Ontario-based MedReleaf Corp.is an R&D-driven company dedicated to innovation, operational excellence and the production of top-quality cannabis.
MedReleaf holders will receive 3.575 shares of Aurora for each share they own.
Reliable sources cite that the deal will provide United States dollars 29.44 for each MedReleaf Share, an eighteen percent increase over its closing stock price at USD 24.90 last Friday.
Following the deal, Aurora shareholders will own about 61 per cent of the newly combined company.
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