CBDBuzzz.com
  • Home
  • News
  • Culture
  • Science
  • Health
  • Videos
  • Shop
No Result
View All Result
CBDBuzzz.com
  • Home
  • News
  • Culture
  • Science
  • Health
  • Videos
  • Shop
No Result
View All Result
CBDBuzzz.com
No Result
View All Result

Pot Deal Goes Up in Smoke For Aphria and Aurora Cannabis

July 15, 2020
in News
Reading Time: 1 min read
A A
Pot Deal Goes Up in Smoke For Aphria and Aurora Cannabis
400
SHARES
2.4k
VIEWS
ShareShareShareShareShare

Aurora Cannabis (NYSE:ACB) and Aphria (NASDAQ:APHA) jumped after news their merger talks have gone up in smoke.

The merger of the medical marijuana companies would have created a C$3.5 billion ($2.6 billion) firm before talks broke down last week, BNN Bloomberg television reported.

The companies failed to agree on board composition and compensation for executives, BNN Bloomberg reported, citing two people familiar with the matter. Executives had agreed that Aphria shareholders would control about 51% of the combined entity through a share-swap deal while Aurora shareholders would own the rest, BNN Bloomberg said. Aphria Chief Executive Officer Irwin Simon was set to become CEO.

A merger would have created a company with operations in 25 countries and combined annual revenue above C$800 million, with a 30% share of the Canadian recreational cannabis market, BNN Bloomberg said.

Aurora has jumped from under C$1 in May to about C$16.88. Shares are up about 5% on Wednesday. Aphria has more than doubled to about C$4.95 since March. Shares are up 7%.

To Read The Rest Of This Article By Christiana Sciaudone on Investing.com
Click Here

Published: July 15, 2020

The post Pot Deal Goes Up in Smoke For Aphria and Aurora Cannabis appeared first on L.A. Cannabis News.

Credit: Source link

Share160Tweet100SendShare28Pin36
Previous Post

Nabis and NUG to Enter Exclusive Distribution Partnership Following Civil Unrest

Next Post

¿Comprarías un “Whopper 420”?

Related Posts

The stoner’s guide to a lit Super Bowl Sunday
News

The stoner’s guide to a lit Super Bowl Sunday

February 7, 2023
Tripping with your significant other: Healing with psychedelic couples therapy
News

Tripping with your significant other: Healing with psychedelic couples therapy

February 7, 2023
Florida To Double Number of Medical Cannabis Licenses
News

Florida To Double Number of Medical Cannabis Licenses

February 7, 2023
Federal Judge Rules Gun Ban for Weed Smokers Unconstitutional
News

Federal Judge Rules Gun Ban for Weed Smokers Unconstitutional

February 7, 2023
Load More
Next Post
¿Comprarías un “Whopper 420”?

¿Comprarías un “Whopper 420”?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Updates

The stoner’s guide to a lit Super Bowl Sunday

The stoner’s guide to a lit Super Bowl Sunday

February 7, 2023
Tripping with your significant other: Healing with psychedelic couples therapy

Tripping with your significant other: Healing with psychedelic couples therapy

February 7, 2023
Legislation To Launch Adult-Use Sales in Maryland Unveiled

Legislation To Launch Adult-Use Sales in Maryland Unveiled

February 7, 2023
Phil Hanley Is Taking It Easy

Phil Hanley Is Taking It Easy

February 7, 2023
Federal Judge Rules Gun Ban for Weed Smokers Unconstitutional

Federal Judge Rules Gun Ban for Weed Smokers Unconstitutional

February 7, 2023
CBDBuzzz.com

This is an online news portal that aims to share latest news about "News, Culture, Science, Health, Shop" and much more stuff like that. Feel free to get in touch with us!

Recent News

The stoner’s guide to a lit Super Bowl Sunday

The stoner’s guide to a lit Super Bowl Sunday

February 7, 2023
Tripping with your significant other: Healing with psychedelic couples therapy

Tripping with your significant other: Healing with psychedelic couples therapy

February 7, 2023

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy

© 2020 matans3.sg-host.com - All rights reserved!

No Result
View All Result
  • Home
  • News
  • Culture
  • Science
  • Health
  • Videos
  • Shop

© 2020 matans3.sg-host.com - All rights reserved!