What to Expect If This Big Marijuana Stock Deal Goes Up in Smoke
Hostile takeovers haven't been part of the discussion about marijuana stocks. Until now.
When Aurora Cannabis (NASDAQOTH: ACBFF) submitted an acquisition proposal to CanniMed Therapeutics' (NASDAQOTH: CMMDF) board of directors in November, it hoped there would be mutual agreement that a combination of the two Canadian marijuana growers would be viewed as a positive by both sides. To put it mildly, that didn't happen.
Aurora Cannabis now finds itself with a serious fight on its hands. At this point, it's entirely possible that Aurora's takeover attempt of CanniMed goes up in smoke. One thing you can count on if that happens, though: It won't be the end of the story.
Source: Fool.com
