CanniMed Therapeutics Inc. (CMED)

[Hunchbackgeek]

"...a takeover bid for CanniMed, which will enable the company to benefit from Aurora’s leadership position in the Canadian cannabis market. Just a day earlier, Aurora announced its acquisition of H2 Biopharma, a company recognized for its 48,000-square-foot cannabis production facility located in the vicinity of Montreal. Also on November 23, Aurora Cannabis announced the acquisition of Larssen Ltd. – a company known for the creation of high-quality automated greenhouses.

Earlier this week Aurora Cannabis said it will increase its investment in Radient Technologies (CVE: RTI) to a total of $12 million, echoing the need for increased supply in the Canadian market.

"With multiple Aurora facilities coming online and ramping up production in the coming quarters, as well as the anticipated export of cannabis oils and preparations for the legalization of adult consumer use in Canada, Radient's planned expansion positions both companies exceptionally well to accelerate revenue growth," Aurora Cannabis CEO Terry Booth stated in the news release (http://nnw.fm/JYs3k). "This investment reflects our strategy to build a constellation of vertically integrated partners and subsidiaries, and we look forward to jointly pursuing further expansion of market share in this exiting space."

M&A activity isn’t just commonplace among industry giants like Constellation Brand or Aurora Cannabis. Hemp, Inc. (OTC: HEMP) recently announced its acquisition of specialized equipment and technology for enhancing the company’s extraction operation that will be assembled shortly. Currently, Hemp Inc. has the largest multi-purpose industrial hemp processing facility in the Western Hemisphere with many investments in innovation as well as acquisitions of specialized equipment over a long-time period. In August 2017, the company got its NuAxon Tech CO2 supercritical extractor – an essential step towards the completion of thorough extraction infrastructure that will allow for more efficient CBD oil product manufacturing.

M&A activity will focus on unique assets and well-established facilities with the potential to guarantee leadership positions on both the Canadian and the international markets. As regulators continue to open up the cannabis industry, they could fuel even higher rates of activity in 2018 and beyond. For companies like Lexaria, this could mean an exponential amount of potential for licensing agreements, key partnerships and potential acquisition activity."

http://ih.advfn.com/p.php?pid=nmona&article=76250170