International
Aurora closes new multimillion-dollar deal with MedReleaf
It was a deal that amounted to US$2 billion for the purchase of a majority stake in MedReleaf. The regulation of cannabis, whether medicinal or for recreational purposes, is being the reason for strategic agreements between several companies, which thus initiate the positioning in the five continents.
A Aurora and MedReleaf were two competing companies in the Canadian medical cannabis market. However, and according to July 6th press release, the Canadian regulator similar to the Securities and Exchange Commission gave the green light to [stock_quote symbol=”ACBFF” show=”name” decimals=”2″ number_format=”cd” template=”%company%:%exch_symbol% (%change%%)” raw=”” class=””] for the acquisition of a majority stake in the [stock_quote symbol=”MEDFF” show=”name” decimals=”2″ number_format=”cd” template=”%company%:%exch_symbol% (%change%%)” raw=”” class=””].
Aurora Cannabis diversifies into several subsidiaries with different roles and functions.
Aurora bought MedReleaf shares for a unit price of 29,44 Canadian dollars, an amount higher than the value defined at the end of the previous day's trading, on the Toronto Stock Exchange (TSX), by 18,2 percent.
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[Disclaimer: Please note that this text was originally written in Portuguese and is translated into English and other languages using an automatic translator. Some words may differ from the original and typos or errors may occur in other languages.]____________________________________________________________________________________________________
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I am one of the directors of CannaReporter, which I founded together with Laura Ramos. I am from the unique Island of Madeira, where I currently reside. While I was in Lisbon at FCUL studying Physical Engineering, I became involved in the national hemp and cannabis scene and participated in several associations, some of which I am still a member of. I follow the global industry and especially legislative advances regarding the different uses of cannabis.
I can be contacted by email at joao.costa@cannareporter.eu
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