Why Can't Aurora Cannabis Land a Deal?
One way for marijuana companies to strengthen their financial positions and growth prospects is through consolidation. Aurora Cannabis (NYSE: ACB) has been rumored to be involved in some talks over major deals in the past few years. In 2018, BNN Bloomberg reported that the Canadian pot giant was in talks to develop cannabis beverages with Coca-Cola. Obviously, what would've been a blockbuster deal never came to fruition.
Months later, seemingly intent on finding a partner from another industry, Aurora hired billionaire investor Nelson Peltz as a strategic advisor to "explore potential partnerships." Ultimately, he wasn't able to find a deal for Aurora before resigning in September 2020. Most recently, there were also rumors of merger talks between Aphria and Aurora, only for that deal to fall through. Aphria instead decided to join forces with Tilray, forming the biggest cannabis company in the world in terms of revenue.
With no success in finding a partner or company to merge with, let's take a look at why companies may not be willing to join forces with Aurora and whether there is hope of a deal coming together this year.
Source Fool.com
