IFLR1000

Aurora Cannabis C$3.2 billion acquisition of MedReleaf

14/5/2018
Public acquisition
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C$ 3.2 billion

Announced

14/5/2018

Overview:

  • Aurora Cannabis has acquired MedReleaf for C$3.2 billion.
  • This is the largest deal that unifies pot growers prior to Canada's legalisation of recreational marijuana.
  • The deal comes after Aurora's hostile bid in February 2018.
  • Aurora's shareholders will own 61% of the new combined entity.

Katrin Kostadinova - Data analyst

Jurisdiction:

Canada

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Canada

Industry sector:

Pharmaceuticals and life sciences

Firms:
McMillan

Party: Aurora Cannabis (Acquirer)

Stikeman Elliott

Party: MedReleaf (Target)

Lawyers: Sean Vanderpol, Sidney Horn, Stewart Sutcliffe

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