CanniMed Therapeutics Inc. (CMED)

[Hunchbackgeek]

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/