Cannabis Firm Aurora in Talks to Buy Both CanniMed and Newstrike

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Canadian Cannabis Firm Aurora in Talks to Buy Both CanniMed and Newstrike

Pixabay / TeroVesalainen / CC0 Creative Commons

Canadian marijuana producer Aurora Cannabis Inc (ACB.TO) is in talks with rivals CanniMed Therapeutics Inc (CMED.TO) and Newstrike Resources Ltd (HIP.V) to buy both businesses in a friendly deal that would create the nation’s top weed company, people familiar with the matter told Reuters on Friday.

The deal signals an easing of tensions following an offer in November by Aurora, Canada’s second-biggest listed cannabis producer, to buy CanniMed in an all-stock bid that was met with resistance.

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