Aurora Cannabis Makes Proposal to Acquire Rival Company CanniMed

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Aurora Cannabis Makes Proposal to Acquire Rival Company CanniMed

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Vancouver-based Aurora Cannabis Inc. said Tuesday that it has made an all-share offer for CanniMed Therapeutics Inc., a fellow Canadian medical marijuana company.

CanniMed shareholders will be entitled to receive up to $24 per CanniMed share – a premium of approximately 56.9 per cent over their Tuesday closing price of $15.30 – or 4.52586207 Aurora shares, based on the 20-day volume weighted average price of Aurora, the company said in a release.

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