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Aphria, Aurora Cannabis explored merger in recent deal talks: Sources

Aphria, Aurora Cannabis explored merger in recent deal talks: Sources Aphria and Aurora Cannabis? recently held advanced talks to merge the two Canadian pot producers in what would have been a blockbuster deal, but those discussions broke down late last week, sources told BNN Bloomberg. The two companies opted to step back from merger discussions that took place over several weeks after failing to agree on board composition and compensation for some senior executives, the people told BNN Bloomberg under the condition of anonymity. Had a deal had been reached, it would have created a global cannabis behemoth valued at $3.5 billion with operations in 25 countries. It would have commanded a leading 30-per-cent share of the Canadian recreational cannabis market and combine for annual revenue north of $800 million.    Virus-free. www.avg.com

Written by : Tony Salvin

Canadian Marijuana Index

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