Aurora to buy MedReleaf for $2.5 billion in pot mega-merger

Aurora to buy MedReleaf for $2.5 billion in pot mega-merger

Aurora Cannabis(OTCMKT:ACBFF;ACB.TO) will buy rival MedReleaf for C$3.2 billion ($2.51 billion), the companies said on Monday, the biggest deal yet to unify major Canadian marijuana growers. The deal comes two months before cannabis is expected to be legalized for recreational use in Canada, and is the latest in a wave of mergers in the industry as marijuana makers — emboldened by similar moves in Europe and a number of U.S. states — seek to cut…

Read More