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.
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.
Aurora purchases 10,800 shares of CMED.
https://mobile.tmxmoney.com/quote/readnews/?id=6547004587600204&symbol=ACB
Aurora purchases 10,800 shares of CMED.
https://mobile.tmxmoney.com/quote/readnews/?id=6547004587600204&symbol=ACB
It will tank if Aurora pulls out, i would put it at $8-10 PPS on the Canadian side within a week. A big sell off would occur as investor sentiment would diminish greatly. The only reason it is trading as high as it is now is due to the offer from Aurora.
All IMO
No they do not
But hurt over 500 shares lol
In the states this is considered a frivolous lawsuit and is without merit. It is meant to cause fear in the hopes the party being sued stops what they are doing even if it is LEGAL.
Direct excerpts from the ruling:
“Furthermore, CanniMed's application to determine that Aurora and the Locked-Up Shareholders had acted jointly or in concert, and to deem the Offer an insider bid, were also both rejected.”
"Aurora has secured key legal victories that take us a big step forward towards acquiring CanniMed, and integrating its team and operations into our organization to further build the preeminent global cannabis company," said Terry Booth, CEO.
In the states this is considered a frivolous lawsuit and is without merit. It is meant to cause fear in the hopes the party being sued stops what they are doing even if it is LEGAL.
Direct excerpts from the ruling:
“Furthermore, CanniMed's application to determine that Aurora and the Locked-Up Shareholders had acted jointly or in concert, and to deem the Offer an insider bid, were also both rejected.”
"Aurora has secured key legal victories that take us a big step forward towards acquiring CanniMed, and integrating its team and operations into our organization to further build the preeminent global cannabis company," said Terry Booth, CEO.
How is a direct cut and paste quote from the actual ruling misinforming??
“Furthermore, CanniMed's application to determine that Aurora and the Locked-Up Shareholders had acted jointly or in concert, and to deem the Offer an insider bid, were also both rejected.”
I think this sentence from the ruling addresses that as well.
“Furthermore, CanniMed's application to determine that Aurora and the Locked-Up Shareholders had acted jointly or in concert, and to deem the Offer an insider bid, were also both rejected.”
Refresher for newbs or uninformed investors on the legality of the takeover of CMED by Aurora.
https://mobile.tmxmoney.com/quote/readnews/?id=6692157107660324&symbol=ACB
If the Securities commission determined this was not an insider deal then the higher courts will more than likely follow suit if it even makes it that far. Don’t be deterred by the few here posting opinions and nonsense with no backing they are paid pumpers and shorts and not real investors. Read the actual results for yourself in the article above.
Refresher for newbs or uninformed investors on the legality of the takeover of CMED by Aurora.
https://mobile.tmxmoney.com/quote/readnews/?id=6692157107660324&symbol=ACB
If the Securities commission determined this was not an insider deal then the higher courts will more than likely follow suit if it even makes it that far. Don’t be deterred by the few here posting opinions and nonsense with no backing they are paid pumpers and shorts and not real investors. Read the actual results for yourself in the article above.
I read the whole thing and it in no way makes it appear as though Aurora did anything underhanded. Just the contrary it reads that Aurora did everything by the book and that is why the provincial courts sided with them on everything but the timeframe they would not reduce it.
Will be dismissed like the last time they tried to have the deal struck down.
Agreed
Of course they don’t if the deal falls through Newstrike is Bankrupt.
It’s gonna get tossed just like their last feeble attempt. Suing your own shareholders is never a good idea. Any CMED shareholders that did not tender their shares should really reconsider if they want to be loyal to a CEO that will sue them, i mean that is scary. Brent is grasping at air here he will lose the company either by Aurora or another company.
Agreed just a desperation move by Brent. How can you show a negative impact on your shareholders when the PPS is considerably higher now than when the buyout was announced. From what $16-17 PPS to up over $24 PPS kinda hard to say that is detrimental to the shareholders.
Just too funny!!!
Aurora announces a buyout and CMED shares propel from 16-17 PPS to 24 PPS and the shareholders are hurt blahhhhhh what a joke. Brent is in desperation mode he has already lost but just can’t give up out of pride.
I don’t think they need to buy anymore they are more than likely already over the 50% mark to halt the NewStrike deal. They only bought as many shares as they needed to get them to that point.
The only reason their shares are up is because of the offer. Look at the trade volumes for CMED over the last 6 months then notice the spike after the offer was made.
The Offer will be remain open for acceptance until 11:59 p.m. (Pacific time) on March 9, 2018.
https://cannimed.auroramj.com/details-of-the-offer
So i guess Aurora made me a stupid millionaire then. I am pretty happy being stupid lol
Aurora purchases 91,800 shares of CMED
https://mobile.tmxmoney.com/quote/readnews/?id=7559049584089116&symbol=ACB
Average price paid for the CanniMed shares purchased through a published market since the Commencement of the Offer
$22.9817
Total Number of CanniMed Shares held by Aurora after the Purchase
657,800
Ok thought it was specific to RTI.
What news?
Aurora buys another 116,000 shares of CMED:
https://mobile.tmxmoney.com/quote/readnews/?id=5747072315993331&symbol=ACB
How dare you talk down to Cheech and Chong like that shame on you, they have much better business acumen than Brent!!! lol
That’s irrelevant at this point once the deal is done all that money is simply carried over into Aurora.
We need roughly 1,221,670.6 CMED shares to get the 5%. Today was just the beginning next week will be volatile due to the buying going on much like today was imo
NEWS OUT 450,000 shares of CMED purchased by AURORA:
Aurora Purchases 450,000 Shares of CanniMed Therapeutics Inc.
Source: PR Newswire (Canada)
TSX: ACB
EDMONTON, Dec. 29, 2017 /CNW/ - Aurora Cannabis Inc. ("Aurora") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announces that today it purchased 450,000 common shares of CanniMed Therapeutics Inc. ("CanniMed").
The purchases were made in connection with Aurora's previously announced offer to purchase all of the common shares of CanniMed (the "Offer"). Aurora announced its intention to purchase common shares of CanniMed (the "CanniMed Shares") in its Offer to Purchase and Takeover Bid Circular dated November 24, 2017, which is filed on SEDAR under CanniMed's SEDAR profile. CanniMed implemented a shareholder rights plan on November 28, 2017, which prevented Aurora from commencing purchases in a timely fashion. The Ontario Securities Commission and the Saskatchewan Financial and Consumer Affairs Authority, in joint decisions dated December 22, 2017 and issued on December 27, 2017, cease traded the CanniMed rights plan.
The purchases were made by Aurora in the normal course through the facilities of the TSX.
Name of the Purchaser
Aurora Cannabis Inc.
Number of CanniMed shares purchased on December 29, 2017
450,000
Highest price paid for the CanniMed shares on December 29, 2017
$22.75
Aggregate Number of CanniMed Shares Purchased through a published market since the commencement of the Offer
450,000
Average price paid for the CanniMed shares purchased through a published market since the Commencement of the Offer
22.6023
Total Number of CanniMed Shares held by Aurora after the Purchase
450,000
How to Tender
Aurora encourages CanniMed shareholders to read the full details of the Offer set forth in the takeover bid circular and accompanying offer documents, (collectively, the "Offer Documents"), which contain detailed instructions on how CanniMed shareholders can tender their CanniMed common shares to the Offer. For assistance in depositing CanniMed common shares to the Offer, CanniMed shareholders should contact the depositary and the Information Agent for the Offer, Laurel Hill Advisory Group at Phone: 1-877-452-7184 (North American Toll Free Phone) and 1-416-304-0211 (Outside North America); Facsimile: 416-646-2415; and E-mail: assistance@laurelhill.com.
About the Offer
On November 24, 2017, Aurora formally commenced its Offer to purchase all of the issued and outstanding common shares of CanniMed for consideration consisting of common shares of Aurora. The Offer Document, including the takeover bid circular and related documents are available on SEDAR.
The Offer Documents are also available on Aurora's website at www.auroramj.com and shareholders are invited to visit cannimed.auroramj.com for further information.
About Aurora
Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations ("ACMPR"). The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, known as "Aurora Mountain", a second 40,000 square foot high-technology production facility known as "Aurora Vie" in Pointe-Claire, Quebec on Montreal's West Island, and is currently constructing an 800,000 square foot production facility, known as "Aurora Sky", at the Edmonton International Airport, as well as is completing a fourth facility in Lachute, Quebec through its wholly owned subsidiary Aurora Larssen Projects Ltd.
In addition, the Company holds approximately 17.23% of the issued shares in leading extraction technology company Radient Technologies Inc., based in Edmonton, and is in the process of completing an investment in Edmonton-based Hempco Food and Fiber for an ownership stake of up to 50.1%. Furthermore, Aurora is the cornerstone investor with a 22.9% stake in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis. Aurora also owns Pedanios, a leading wholesale importer, exporter, and distributor of medical cannabis in the European Union, based in Germany. The Company offers further differentiation through its acquisition of BC Northern Lights Ltd. and Urban Cultivator Inc., industry leaders, respectively, in the production and sale of proprietary systems for the safe, efficient and high-yield indoor cultivation of cannabis, and in state-of-the-art indoor gardening appliances for the cultivation of organic microgreens, vegetables and herbs in home and professional kitchens. Aurora's common shares trade on the TSX under the symbol "ACB".
Crazy volume today for Aurora over 50 million in volume already for ACB and ACBFF
Very high volume traded today for CMED over 600k so far. Aurora is over 50 million in volume today lol
Brent wants to keep his job it’s that simple