CanniMed Asks Canadian Regulators to Intervene in Hostile Aurora Bid

By:
CanniMed Asks Canadian Regulators to Intervene in Hostile Aurora Bid

Flickr / Cannabis Pictures / CC BY 2.0

Medical marijuana company CanniMed Therapeutics Inc has asked Canadian regulators to intervene as it seeks to prevent a hostile takeover by bigger rival Aurora Cannabis Inc.

Saskatoon, Saskatchewan-based CanniMed said on Monday it asked the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission to declare that Aurora’s move to take its buyout offer directly to CanniMed shareholders constituted an insider bid.

View Original Article Here

Repost is the designation for articles collected from the Internet whose content may interest our readers. These articles are not written by our staff and they do not necessarily reflect our views.

Related posts

Top