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Aurora Cannabis Inc (OTCMKTS:ACBFF) Introduces Takeover Bid For CanniMed Therapeutics Inc (OTCMKTS:CMMDF)

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Aurora Cannabis Inc (OTCMKTS:ACBFF) reported that further to its PR of November 17, 2017, it has commenced its offer to buy all of the issued and due common shares of CanniMed Therapeutics Inc (OTCMKTS:CMMDF) for consideration comprising of common shares of Aurora.

The highlights

Aurora continues to consider that the combination of the two firms is extremely convincing, in the best interest of Aurora’s as well as CanniMed’s shareholders, and will boost growth and enhance shareholder value for the combined firm, further extending Aurora’s position within the international cannabis segment. Terry Booth, the CEO of Aurora, expressed that they are thrilled to present this offer to shareholders of CanniMed. They are assured that they will seek the considerable premium that they are offering highly attractive. It is amplified by the prospect to be a part of the growth of the combined entity through Aurora’s common shares.

Their ability to reveal value is one of the major forces behind their offer, as they consider that they will be able to boost CanniMed’s growth effectively as compared to the current management, and so they encourage and invite CanniMed’s stockholders to tender their equities to the bid. This deal will help CanniMed to leverage Aurora’s strengths to expand its operations. The combined firm will showcase an expanded geographic footprint, augmented production capacity, a broad product portfolio and several other synergistic benefit.

One of these benefits include high throughput oil production via Aurora’s strategic extraction associate, Radient Technologies Inc., to meet growing global demand. In addition, CanniMed can leverage Aurora’s sector guidance in technology integration, innovation and execution for the objective of accelerating growth and development potential. The company can access Aurora’s e-commerce platform, counting the exclusive mobile app in Canada that allows customer purchases. It will have access to same-day delivery capabilities of Aurora.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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