One of the largest acquisitions in hemp and cannabis history finally closed this week. On July 30, 2018, Aurora Cannabis Inc. announced that its acquisition of MedReleaf Corp. is complete. Under the agreement, holders of MedReleaf shares will receive 3.575 common shares of Aurora for each MedReleaf common share held. Aurora will submit applications with the Toronto Stock Exchange and the Ontario Securities Commission to delist MedReleaf’s existing common shares and for MedReleaf to cease to be a reporting issuer, respectively. The closing of this acquisition will make Aurora one of the largest hemp/cannabis companies in the world, with a production capacity of roughly 570,000 kilograms per year.
To read more, please visit the original post at Cannabis FN.