Aurora Cannabis, Inc. Continues Title of Top Cannabis Canadian Pubco

One of the biggest Canadian public company’s on the TSX, Aurora Cannabis, Inc. (TSX: ACB), producer of medical cannabis in the country, began the takeover process of rival company in the sector CanniMed, Inc. (TSX: CMED), a Canadian based international plant biopharmaceutical company, last November.

CanniMed’s share price rose $4.50 to close at $19.80, where Aurora actually fell $0.19.

Though the deal fell through last year, CanniMed initiated purchase of their own company: Newstrike Resources Ltd. (TSXV: HIP) which intends to develop and distribute, “a diverse network of high-quality cannabis brands that addresses the needs of medical clients and eventually, as the law allows, adult consumers.”  Then in a shocking move, CanniMed announced intentions to sue Aurora for $725M in damages caused during the attempted takeover.

It seems like tensions between the companies have definitely eased as of late. Aurora Cannabis, a company with an evaluation of $6.1B, now has announced its intentions to acquire both companies. If this deal goes through it will result in the creation of the largest Canadian public company on the TSX Venture Exchange.

Our Take

One thing is certain: Canadian public companies will continue to jostle for position ahead of the planned July 2018 legalization of cannabis and the extraction of CBD from industrial hemp. If Aurora Cannabis, Inc.’s can complete due diligence and complete the intended takeover of CanniMed, Inc. the company’s stock price will soar, which will only increase its market evaluation and its ability to continue to consolidate and monopolize the cannabis sector.

If the deal goes through, it would boost Aurora’s market capitalization to over $3B.

Current Stock Information

Aurora Cannabis, Inc.
CanniMed, Inc.
Newstrike Resources Ltd. 

Featured Canadian Public Companies

  • Canopy Growth–  WEED(TSE)
    Toronto-traded Canopy Growth Corp. (TSE: CGC) is a diversified cannabis company that produces and sells legal marijuana in the Canadian medical market. The Trudeau government’s promise to legalize recreational pot use is viewed as a huge positive for this company.
  • Global Hemp Group (CSE:GHG) (OTC:GBHPF)
    Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Montreal and Southern California. The Company is focused on the production and processing of hemp and collaboration with companies that will enable GHG to develop and implement the Hemp Agro-Industrial Zone concept. Through partnerships, joint ventures and acquisitions, the Company will capture cash flow, revenues and value, and establish a greater collective valuation
  • Aurora Cannabis–  ACB(TSE)
    Aurora Cannabis Inc. also trades on Toronto’s venture exchange and is another Canadian company focused on growing and selling medical marijuana. It grows both psychoactive THC products and medically oriented CBD products.
  • MedreleafLEAF (TSE)
    MedReleaf is a Health Canada Licensed Producer, and the first and only ISO 9001 certified medical cannabis producer in North America. It is our mission to improve the quality of life of our patients and to expand the world’s understanding of cannabis through wide-ranging research initiatives.

 

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