Licensed Marijuana Producer Aphria Signs Deal to Buy Nuuvera

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Licensed Marijuana Producer Aphria Signs Deal to Buy Nuuvera

Pixabay / edar / CC0 Creative Commons

Licensed marijuana producer Aphria Inc. announced an agreement Monday to buy medical cannabis firm Nuuvera Inc. in a cash-and-stock deal that it says values the company at $826 million.

The deal builds on a partnership between the companies as it combines Aphria’s production with Nuuvera’s expertise in cannabis processing and extraction. The combination will also help grow Aphria’s international footprint.

Under the terms of the deal, Nuuvera shareholders will receive $1 in cash plus 0.3546 of an Aphria share.

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