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LOL!!! Enjoy. I have a wife, 5 children and ten grandchildren. My dance card is full of enough drama.
I like fighting....it’s fun
Everyone is giddy about this potential deal. My gut tells me it may be good but not a slam dunk. Walking away and selecting an equally attractive willing partner would not disappoint me. Certainly those options have been discussed and identified. I understand that it must be discussed and evaluated at this point. I hope that the war of words does not produce an attitude of must win simply to say I won. I hope it turns out to be the greatest merger in the sector with all prospering, I think I would show the willingness to dump and move as a real option however.
dogger05, I will watch and see it all fall to the dark pit of their greed. Cannimed is my friend althought Aurora is bigger and better managed. Aurora seems to have a good game plan. Cannimed is like you dogger05, they fight because they are silly...I like that because we cannimed have hope so we fight, right dogger05? fighting!
Just watch what happens penny....
I think they have over 5 Million square feet of green house.
5 Billion dollar company verses a 500 million dollar company. Mmm who wins?
Aurora is circling them like a shark and CMED needs to go.
I know, I'm lazy, but I'm also busy and at work. Anybody know how many employees and the size of CanniMeds Production facilities are?
TIA,
Nuke
CanniMed in talks with Aurora, postpones shareholder vote on Newstrike deal
TORONTO
REUTERS
PUBLISHED 1 HOUR AGO
UPDATED JANUARY 18, 2018
Canadian cannabis producer CanniMed Therapeutics Inc has postponed to Jan. 25 a shareholder vote on its proposed takeover of Newstrike Resources Ltd in order to discuss a possible transaction with rival producer Aurora Cannabis Inc.
Aurora, which launched a hostile bid for CanniMed in November, and CanniMed have agreed to a standstill agreement, under which neither will solicit proxies or seek control of any additional shares of the target until Jan. 21 at 11:59 p.m., CanniMed said in a statement on Thursday.
Newstrike shareholders on Wednesday voted in favour of CanniMed's takeover of the company.
(Reporting By Nichola Saminather) https://www.theglobeandmail.com/feeds/thomson-reuters/canada-business/cannimed-in-talks-with-aurora-postpones-shareholder-vote-on-newstrike-deal/article37655253/
They weren't boastful, however, they were very confident:)
I love their utter confidence.
At the "Aurora Shareholders Meeting," they said anything above 24. will just be sheer profit for Aurora when the merger completes.
This is a valiant effort to display higher PPS. Justification for a higher paid price from ACB.
Something this significant will correct just as quickly
This could be CMED desperately trying to buy more shares to stay in control of their company. Try to find on the OTC, last night it was in the Grey Sheets. Liley, because it is in transition.
People are dumping CMMDF off of 27.90. Not sure why but looks like news coming.
Halt probably has something to do with Newstrike. They are also halted this morning.
Salomon, agree 100% with your assessment of Cannimed leadership. They have failed their shareholders. Today's business world is either " eat or be eaten"
You're clueless, once marijuana is legalized, the mj market will grow exponentially. Why? Because mandatory drug tests for employment and random screening for cannabinoids will not be enforceable. Sobriety testing for alcohol yes, but for cannabinoids no. Watch
You're clueless, once marijuana is legalized, the mj market will grow exponentially. Why? Because mandatory drug tests for employment and random screening for cannabinoids will not be enforceable. Sobriety testing for alcohol yes, but for cannabinoids no. Watch
Yep that is true
I’m with you 100%.
Although you never know which way the wind could blow. Contingency is key in this world. Always be prepared for scenario B. This world moves quick.
They will never win. How can you claim damage when after the announcement your stock price almost doubles, it’s laughable. And suing your shareholders is never a good idea.
The director who resigned, Doug Banzet. Was one of the two main “co-conspirators” acting against their fiduciary responsibilities by interacting with Aurora for the take over.
He was publicly ousted in the press release last Friday. It’s no surprise he’s resigned.
Why such a high stock price? the stock is trading above the Aurora offer. that is not a good idea.
Why did the director resign yesterday? what is going on here?
Beginning of the end for CMED management. Management knows the end is near and they are stepping out before they get fired.
Personally they should not have mentioned suing shareholders as it leave a bad taste for future investors.
Volume was 454K, so was the same 10k that you say is available traded constantly through out the day? LMAO you are very knowledgeable. Good luck with you vote on Friday!
Why is Cmed volume so low??? The biggest reason is Cmed shares are held very tightly by its extraordinarily knowledgeable share holder base, who quite frankly are a notch above the average ihub poster. The other reason is there are only around 10,000 shares available up to 30 bucks....geez a 10000 share position might even be within your range....you should buy them
CanniMed Launches Topical Cream for Pain and Inflamation
SOURCE: https://www.dailymarijuanaobserver.com/single-post/2018/01/17/CMED-CMMDF-CanniMed-Topical-Cream-An-Innovative-New-Way-to-Help-Patients
SASKATOON, Saskatchewan--(BUSINESS WIRE)--CanniMed Therapeutics Inc. (TSX:CMED) (OTC:CMMDF) (“CanniMed” or the “Company”) is pleased to announce the launch of CanniMed Topical Cream, an innovative new product that has been uniquely formulated to provide fast-acting relief from pain and inflammation.
CanniMed Topical Cream is a fusion of CanniMed’s industry-leading medical cannabis oil with Kalaya™ Carrier Base Gel, which was created by Avaria Health & Beauty Corp. (“Avaria”), one of Canada’s leading experts in the creation of advanced topical creams, gels, lotions and salves.
“Our patients rely on us to innovate and find new ways to use medical cannabis to treat a wide variety of symptoms,” said Brent Zettl, President & CEO of CanniMed. “CanniMed Topical Cream gives patients the option to apply their medical cannabis directly onto affected skin, joints and muscles, providing effective relief to a specific area.”
CanniMed Topical Cream will be available as a kit that allows patients to mix at home their choice of CanniMed Oil™ 1:20 or CanniMed Oil™ 10:10 with the Kalaya™ Carrier Base Gel. Once mixed, the clear gel forms a luxurious white topical cream of the same quality found at luxury cosmetics counters.
The CanniMed Topical Cream Kit will be available for pre-order at the end of January and delivery of the first kits is expected in mid-February.
In connection with the launch of CanniMed Topical Cream, the Company is pleased to announce that it has entered into a definitive License, Supply and Distribution Agreement with Avaria Health & Beauty Corp. for the development, manufacture and distribution of topical medical cannabis products in Canada. In addition to bringing CanniMed Topical Cream to the Canadian market, this agreement also confirms the commitment of CanniMed and Avaria to additional product development and clinical research.
“We view this opportunity to partner with CanniMed, a leader and innovator in the medical cannabis industry, as a logical and natural fit for our research based, medically directed company,” said Dr. Keith Burk, CEO of Avaria Health & Beauty. “This is the first product of many that we are developing with CanniMed. We are excited by the prospect of improving quality of life, not only for Canadians but for those affected by pain around the world.”
About CanniMed Therapeutics Inc.
CanniMed is a Canadian-based, international plant biopharmaceutical company and a leader in the Canadian medical cannabis industry, with 17 years of pharmaceutical cannabis cultivation experience, state-of-the-art, GMP-compliant production process and world class research and development platforms with a wide range of pharmaceutical-grade cannabis products. In addition, the Company has an active plant biotechnology research and product development program focused on the production of plant-based materials for pharmaceutical, agricultural and environmental applications.
The Company, through its subsidiaries, was the first producer to be licensed under the Marihuana for Medical Purposes Regulations, the predecessor to the current Access to Cannabis for Medical Purposes Regulations. It was the sole supplier to Health Canada under the former medical marijuana system for 13 years, and has been producing safe and consistent medical marijuana for thousands of Canadian patients, with no incident of product diversion or recalls.
For more information, please visit our websites: www.cannimed.ca (patients) and www.cannimedtherapeutics.com (investors).
About Avaria Health & Beauty Corp.
Privately owned and operated since 1995 by experienced medical professionals, Avaria Health & Beauty Corp. specializes in the formulation, manufacturing and sale of topical creams, oils, emulsions, liquids, lotions, gels and salves. Avaria has earned an international reputation for its premium health, wellness and beauty products, proven to be among the most technologically advanced and efficacy-based products on the market today.
Avaria’s branded line (including Kalaya™ Naturals) enjoys distribution throughout Canada at all levels of retail and both the branded and private label formulations can be found in most levels of over-the-counter retail domestically, as well as in select international markets.
Avaria Health & Beauty Corp. has enjoyed sustained and measurable growth in both branded retail and private label contract manufacturing since 1997.
For more information regarding Avaria Health & Beauty Corp., please visit our website: www.avariahb.com.
Notice Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding the availability of the topical cream kit for sale, future development of products and research, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements are based on assumptions, including assumptions relating to the production and availability of the topical cream kit, and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CanniMed Therapeutics Inc. to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risk that the availability of products will be delayed, the risk that products will not be successfully developed or developed in a timely manner, the risk that certain products will not receive regulatory approval and the risks described in CanniMed Therapeutics Inc.’s Annual Information Form for the year ended October 31, 2017 filed with applicable Canadian securities regulatory authorities which may be viewed at sedar.com. The forward-looking statements included in this news release are made as of the date of this news release. CanniMed Therapeutics Inc. does not undertake to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, unless required by applicable securities legislation.
Answer me this why is there no interest in CMED?
Volumes on stocks tell the tale
CanniMed Therapeutics Inc.
Exchange: TSX Exchange
$26.18 Jan 17, 2018, 11:15 AM EST 1.02 (4.05%)Vol: 123,496
Real-time price
Now look at Aurora
Aurora Cannabis Inc.
Exchange: TSX Exchange
$12.14 Jan 17, 2018, 11:18 AM EST 0.23 (1.93%)Vol: 7,182,104
Real-time price
And this is the typical trading patterns over the past several months. No interest in CMED while Aurora keeps gaining in volume and PPS. And again the only reason CMED is up on PPS and volume is directly linked to the Aurora proposal. Before the proposal CMED was lucky to break 100k in volume per day and was trading at a much lower PPS.
CMED does not have the volume to keep it’s doors open for very long the low volume and interest in the company are clear signs of a failing company and loss of investor interest.
Lol, I think you actually believe this bullschit. Nothings been wasted....the current market is going to disappear in 6 months, replaced by distribution by pharmacy....any company that invested heavily to be number one in this market has wasted a lot of shareholder capital...
Right and they are not even on the top 10 cannabis investing list.
https://www.investopedia.com/investing/10-canadian-marijuana-stocks/
Aurora is number 2
They had a 16 year jumpstart within the legal market in Canada. What did they do with it? They’ve failed to diversify and scale up like all the companies in the space surrounding them.
They failed by being complacent. Thinking being #1 for so long, and staying status quo would propel them forward in a growing market.... Old, stale and entitled leadership. Don’t jump in the sandbox to play with everyone else, if you can’t get along play with the big kids.
How’d they poorly manage the company? Please tell me...
I just do not get how investors are defending the CEO and clan of Cannimed... they very poorly manage the company even before the aurora takeover... who in this world can think they are great board of directors... they are absolutely garbage... I really hope Aurora would back off and leave you with that poor board of directors and your merge with newstrike just to see how long it is going to take before that boat sinks
Average price paid for the CanniMed shares purchased through a published market since the Commencement of the Offer
$23.0433
Total Number of CanniMed Shares held by Aurora after the Purchase
700,600
Aurora purchases 10,800 shares of CMED.
https://mobile.tmxmoney.com/quote/readnews/?id=6547004587600204&symbol=ACB
Bit of a stretch
Fully agree. Great post
Good evening everyone,
I happen to be an investor in both companies, and as you all may imagine I've found the takeover soap opera to not only be educational but wildly entertaining as well. The level of PR and shareholder pandering being played-out in the media has been comical on both sides, a kind of rhetoric you only see from the seedy underbelly of crooked (and skilled) politicians. I came here and signed up to see if there was any useful information to be found, but like many message boards scattered throughout the 'net there's about 20% good info and 80% fodder.
However, I digress.
To my 46-year old eyes I've watched CMED try and fail to fend off the takeover bid one-too many times, and I thought the writing was on the wall when they appealed to the government who gave them the proverbial cold-shoulder, shook their heads, and moved on. The lawsuit feels like the final, desperate act of a punched-out fighter in the last round of the last fight of his career.
We all know how that story usually turns out.
It's a very, VERY bad look to sue, so unless there's CLEAR and irrefutable evidence Aurora was playing dirty pool I can't see this ending well for CMED.
As an aside, I don't have a horse in the race of message board politics, but this Dogger fellow reminds me of many guys I've seen before...a man who is so heavily invested in one specific side that he fears what will happen should the other side win, resulting in irrational taunts mixed with facts mixed with bouts of randomness not unlike someone who is borderline manic.
I do one bit of advice for anyone who may believe otherwise: No amount of politicking or cyber-flexing will sway enough opinions to affect a vote. In fact, even someone whose given great information for weeks loses all credibility the moment they show even the slightest hint of bias, let alone behavior which mimics bi-polar behavior. So...sit back, look for legit info, offer rational opinions, and post credible info. Everything else gives the impression of what CMED is doing: It's just a bad look.
Goodluck to all shareholders, and I hope however this ends up, once company or the other doesn't take such ridiculous action that it hurts both companies or the industry as a whole.
G'night.
Why would the judge NOT agree with the commission's findings? ridiculous and a wast of time. can you say stall tactic? the writing is on the wall. Just because CanniMed's CEO does not want to be acquired by Aurora does not make it so. CanniMed should have remained a private company. The stock price is over inflated BECAUSE of the Aurora offer. Who wants to own a shares of a company that sues its shareholders? AND the 2 companies together will be better for the SHAREHOLDERS, but not for the CEO who seems to have his best interest in mind.
MyHumbleOpinion. do your own due diligence!
Cannimed needs Aurora to be a real player. No matter the outcome Cannimed burned some serious bridges in considering suing the shareholders.
If deals falls or looks to fall I am out quick with Cannimed.
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