Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ACBFF 06/13/2018 "One of the largest cannabis companies, Aurora Cannabis Inc. (TSX: ACB) (OTCQX: ACBFF) has recently expanded its activities to cover both the recreational and medical sectors. The company leans heavily on research to improve its sales, with the announcement in late May of a new range of high-THC content cannabis products. It has also made moves to expand its market reach over recent months, with the largest corporate acquisition in the history of the cannabis industry in the form of the purchase of CanniMed, as well as a supplier agreement with Shoppers Drug Mart."
https://ih.advfn.com/p.php?pid=nmona&article=77655429&symbol=ACBFF
Lol.. It's de-listed... Meaning no longer active... Not trading...
Seems like it, didn’t trade at all today. Things are about to pop!
CanniMed deal fully completed.. https://finance.yahoo.com/news/aurora-completes-cannimed-acquisition-225200124.html
Aurora Completes CanniMed Acquisition
...expected to be completed shortly after April/30/2018...... https://ca.advfn.com/p.php?pid=nmona&article=77172076
"Aurora Cannabis Commences Compulsory Acquisition of Remaining CanniMed Shares"
Cannimed Therapeutics (TSX:CMED)
TSX: ACB TSX: CMED
EDMONTON, April 13, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announced today that the Company has exercised its right under the compulsory acquisition provisions in Section 206 of the Canada Business Corporations Act (the "Act") to acquire all of the outstanding common shares (the "CanniMed Shares") of CanniMed Therapeutics Inc. (TSX: CMED) ("CanniMed") that it did not acquire under its recently completed offer (the "Offer") to acquire all of the issued and outstanding CanniMed Shares, by mailing a notice of compulsory acquisition (the "Notice of Compulsory Acquisition") to all remaining registered holders of CanniMed Shares. The compulsory acquisition is expected to be completed shortly after April 30, 2018. Intermediaries on behalf of beneficial holders will receive a notice from CDS.
Trading should have been closed yesterday.... Aurora needs to speak up... No surprise...
Aurora Cannabis to Build ''Aurora Sun'', 1.2 Million Square Foot Facility in Medicine Hat, Alberta
BY Canada NewsWire
— 10:30 PM ET 04/16/2018
150,000+ kg Per Year, High-Technology, Ultra Efficient, Low-Cost Facility Designed and Engineered by Aurora Larssen Projects (ALPS)
TSX: ACB
EDMONTON, April 16, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") today announced it is acquiring approximately 71 acres of land in Medicine Hat, Alberta, where the Company intends shortly to commence construction on a new high-technology hybrid greenhouse cannabis production facility. To this end, the Company has signed a memorandum of understanding with the City of Medicine Hat, concerning terms and a general understanding of potential transactions, including a prospective 10-year, 42 MW energy supply agreement.
The new facility, to be designed and engineered by the Company's wholly owned Aurora Larssen Projects Inc. division, will be named "Aurora Sun" in recognition of Medicine Hat's status as the sunniest city in Canada, with more than 2,500 hours of sunshine per year. At 1,200,000 square foot, or over 21 football fields, the footprint of Aurora Sun will be 50% larger than Aurora's Sky, a 100,000+ kg per year Health Canada licensed facility the Company is completing at Edmonton International Airport.
To date, Aurora has approximately 280,000 kg per year of funded capacity. With the addition of Aurora Sun, total capacity will increase to over 430,000 kg per year. In addition to the domestic medical cannabis market, in which the Company already services approximately 45,000 patients, the new facility is intended to serve both the pending legal Canadian adult consumer market, and the quickly expanding international market.
The global market is experiencing a massive excess of demand over supply for legal, regulated medical cannabis, with extremely rapid growth. This situation is expected to continue for a number of years, and only a small number of producers around the world have the experience in regulated cultivation, the production capacity and the access to capital to successfully exploit this opportunity. Aurora, currently exporting to Germany and Italy, with a combined population in excess of 140 million, intends to supply additional European medical cannabis markets now coming online, and will devote a significant proportion of its increasing production capacity to export the Company's high-quality cannabis products into these undersupplied high-margin markets.
Facility Characteristics
Like Aurora Sky, currently the world's most advanced cannabis production facility, and Aurora Nordic, soon to begin construction in Denmark, Aurora Sun will be a high-technology, highly automated facility designed to deliver massive capacity, high production
Looks like CMED is done trading now. GLTA
April/30/2018 Merger Completion with ACBFF https://ca.advfn.com/p.php?pid=nmona&article=77172076
On or very soon after
Upon completion of the compulsory acquisition, Aurora intends to take the necessary steps to delist the CanniMed Shares from the TSX V and to have CanniMed cease to be a reporting issuer (or equivalent) under applicable Canadian securities law.
..."The compulsory acquisition is expected to be completed...... shortly after April 30, 2018. Intermediaries on behalf of beneficial holders will receive a notice from CDS." https://ca.advfn.com/p.php?pid=nmona&article=77172076
..."Aurora is close to completion of the acquisition... of all the outstanding shares of CanniMed Therapeutics Inc, Canada's most experienced licensed producer of medical cannabis, adding over 20,000 kg per annum in funded capacity, as well as Canada's strongest medical cannabis brand."...
https://investor.auroramj.com/press-releases/
CMED NEWS April/4/2018......
CANNIMED SIGNS LETTER OF INTENT WITH PHARMASAVE
Apr 4th 2018
TSX: ACB TSX: CMED
EDMONTON and SASKATOON, April 4, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and CanniMed Therapeutics Inc. ("CanniMed") (TSX: CMED) announced today that CanniMed has entered into a Letter of Intent to become a preferred supplier of medical cannabis to Pharmasave. A member governed cooperative of more than 650 independently owned community pharmacies across the country, Pharmasave is one of Canada's leading independent community pharmacies.
Subject to changes to regulations that would allow such distribution, CanniMed and Aurora will supply and distribute high-quality medical cannabis, produced at the companies' GMP compliant and GMP certified facilities, through Pharmasave pharmacists across Canada.
FULL ARTICLE HERE: https://investor.auroramj.com/press-releases/
They have a date to end, not sure when. I am loading up on Canadian stock, "Big Bounce" is in process now:)
One question , why is this still trading... If merger is complete ???????
ANDRC JÉRÔME APPOINTED INTERIM CEO OF CANNIMED https://investor.auroramj.com/press-releases/
Aurora's pps should move up significantly I agree.
I don't know how it all works but, I am hoping Cannimeds share price is added to Auroras somehow to Give Aurora a 30+ pps.
MERGER COMPLETED!!
$$ACBFF and $$CMED "We are delighted to have finalized the largest transaction to date in the cannabis industry," said Terry Booth, CEO. "We are now combining CanniMed, the pioneer of the Canadian cannabis industry, with Aurora's best practices, innovations, funded production capacity, distribution network, and rapidly growing international footprint. This acquisition and the resulting synergies transform Aurora into a leading company in the global medical cannabis space. We believe that our combined assets, capabilities, and brand strength, as well as our consistent execution, position us very well to gain significant share of the global market. We have commenced integrating the organizations, and look forward to reporting on our progress, innovations and other corporate developments in the coming months as we continue to execute our growth strategy."
https://investor.auroramj.com/press-releases/
Getting closer, thanks Breta:)
Probably this coming week. My shares have all been converted to ACB.
When will this ticker officially stops trading? Says all shares to be tendered by Mar 25th. So would that be the last day. That’s a Sunday mind you. So Monday 26th?
Seems all lost interest here at Cannimed
Positive for CMED Holders: ACBFF UPLISTING March/19/2018......
$$CMED & $$ACBFF ~"Winning Combo"~ JP
Aurora bid succeeds over 70% tendered as of 3-8-18
https://mobile.tmxmoney.com/quote/readnews/?id=5259707683827195&symbol=ACB
REGULATORY APPROVAL FOR CANNIMED https://investor.auroramj.com/press-releases/
"AURORA CANNABIS ANNOUNCES FINAL REGULATORY APPROVAL FOR CANNIMED THERAPEUTICS ACQUISITION"
Feb 28th 2018
https://investor.auroramj.com/press-releases/
So the dates are a little unclear. When is this takeover actually going to be competed by?? When will ACB takeover CMED’s patients, and start realizing revenue from this deal?
Also, will CMED Remain active, just operate under the ACB? Or cease to exist and get absorbed by ACB?
Thanks
"CanniMed – Aurora Medical Cannabis Centre of Excellence"...
"With completion of the CanniMed acquisition anticipated shortly, the Company will be able to accelerate the build up of its medical science division. The Company intends for CanniMed's Saskatchewan operations to become Aurora`s Medical Cannabis Centre of Excellence. Dr. Morris and Dr. Narine will co-ordinate efforts and work closely with the CanniMed science team on new medical initiatives.
Management commentary
"These key appointments reflect our commitment to a science-based approach to innovation, product and technology development," said Terry Booth, CEO. "Our intention is to develop a strong pipeline of new, higher-margin revenue streams to capitalize on the tremendous opportunity in the medical cannabis and adult consumer use markets. Science and innovation are cornerstones of our global growth strategy, and with Shane and Kelly we now have highly experienced leadership for the science division. Furthermore, once completed, the CanniMed acquisition will provide a strong foundation to build our medical science division on, and help further differentiate and diversify our product offering."
Dr. Morris added "I am thrilled to join the Aurora team, a frontrunner in the cannabis industry in Canada and globally. I look forward to the exciting opportunity to develop and launch new products for existing and new markets across the globe, and help Aurora's continued rapid growth."
Dr. Narine added, "To join the innovation leader in this sector, and help develop new offerings with positive human health outcomes, as well as work on the early-stage development of new technologies for a market that has proven to be exceptionally receptive, is extremely exciting. I look forward to working with the Aurora team and helping to advance our scientific leadership in the sector."
https://investor.auroramj.com/press-releases/
Ok took my profits when this tanked this morning. Looking to buy ACB now. Good luck with your plays Hunchbackgeek.
The merger makes it all the same anyways.
Thanks for the info Hunch. Think I'll buy some acb instead of cmed. Price has something to do with it.
Welcome to CMED DoubleJackie:)
How I appear to u makes no diff to me bud. I wasn't sure what was exactly happening when the merger took place. Now I know but still believe it's way overvalued.
What a weak investor. Due diligence is a requirement before you come here and make yourself appear stupid. The deal is 3.40 acb shares for 1 Cmed share. But wait there is another option. 2.95 shares of acb and 5.70 cash if all Cmed shareholder elect cash. Acb under 12.65 guarantees all Cmed shareholder will take cash to the max 140 million.
Ok guess I'll have to make a decision by end of next week then. Appreciate your views thanks.
If you say a 3 for 1 that puts cmed shares at around $30 or so with conversion. Hmm I have a dilemma.
Yeah. Sale could go through any time.
If you’re short you need to buy those shares you borrowed or the brokerage will do it for you.
Ya eh? Ok that's a little tight for me then lol
Some companies even do a name change to flush the shorts out. Cover!
Can you expand on that a little for me?
All short shares are called in!
Can still sell, can still buy. Your lookin at it :)
Ok so I hold my CMED. What happens to people who are short Dbrown?
Followers
|
16
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
517
|
Created
|
07/25/17
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |