Tag: CanniMed

StaffMarch 19, 2018
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3min00
CanniMed Therapeutics (CMMDF) reported that its sales rose 41% to $4.8 million from last year’s $3.4 million for the same time period. The company said that rising demand for dried medical cannabis caused those sales to jump 33% to 455kg with an average selling price of $10.56. Net earnings for the first quarter were $5.3 million […]

Debra BorchardtJanuary 25, 2018
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6min00
After months of nasty fighting, Aurora Cannabis (ACBFF) and CanniMed Therapeutics (CMMDF) have finally come to friendly terms. The once-hostile takeover bid by Aurora Cannabis to acquire CanniMed has ended on friendly terms. On Wednesday, the Special Committee of the CanniMed Board agreed to support a new offer made by Aurora to buy all outstanding shares […]

Debra BorchardtJanuary 22, 2018
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4min01
The hostile takeover bid between Aurora Cannabis (ACBFF) and CanniMed Therapeutics (CMMDF) is looking less hostile these days. CanniMed said that it will continue discussions with Aurora as the two companies faced a 5pm deadline today. CanniMed said that the two have decided to extend their talks. During this extension of conversation, neither of the two […]

Debra BorchardtDecember 27, 2017
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4min02
The morning after Boxing Day, CanniMed Therapeutics Inc. (CMMDF) happily announced that it got positive news in its battle against the hostile takeover from Aurora Cannabis (ACBFF). The Ontario Securities Commission and the Financial and Consumer Affairs Authority of Saskatchewan rejected Aurora’s request to shorten the deposit period with regards to bid period. Normally, there […]

Debra BorchardtDecember 19, 2017
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6min00
Canadian company Aurora Cannabis (ACBFF) is making a strategic investment in Micron Waste Technologies and in return will receive a cut of the gross revenues. Micron Waste (MICWF) is a developer of a proprietary digester solution that treats organic waste which can be used for the waste generated from the cultivation and production of cannabis products. Aurora […]

Debra BorchardtDecember 12, 2017
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4min00
This story was updated on 12/13/2017 to reflect additional information. Aurora Cannabis (ACBFF) fired back at CanniMed Therapeutics (CMMDF) after the latter released a statement saying it was appealing to the government and regulators to reject the hostile takeover. Aurora is offering CanniMed shareholders a 57% premium over the stock price and it was not […]

Debra BorchardtDecember 11, 2017
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5min09
CanniMed Therapeutics (CMMDF)has made it clear that it does not want to be acquired by Aurora Cannabis (ACBFF). The company announced that it has applied to the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission for help regarding the hostile takeover. CanniMed said that Aurora’s offer should be considered an “insider bid” for the […]

Debra BorchardtNovember 24, 2017
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6min00
Canadian-based Aurora Cannabis Inc. (ACBFF)  has gone a spending spree as the company continues to make acquisitions. Yesterday, while all of us Americans were bonding over turkey, Aurora announced it had entered into a binding share purchase agreement to acquire H2 Biopharma Inc. The Lachute, Quebec-based H2 is currently completing a purpose-built 48,000 square foot cannabis […]

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