Aurora Cannabis Inc will buy rival MedReleaf Corp for C$3.2 billion ($2.51 billion) in the biggest deal yet to unify major Canadian pot growers, as the country moves toward legalizing marijuana for recreational use.

The deal announced Monday is the latest in a wave of mergers in the industry as marijuana producers — emboldened by pot legalizations in Europe and a number of U.S. states — seek to cut costs and gain scale.

Canada’s relaxed regulations, a mature industry and free-flowing capital have offered firms a unique opportunity to advance research without the legal and political risks that bog down growers in the United States and elsewhere.

Click here to read the complete article

John Benny and Nichola Saminather ~ Reuters.com

Recent News Articles

Monday December 24

Oklahoma quickly becoming medical marijuana hotbed - Cannabis News

in Law & Crime

by Bruce Kennedy - Editor in Chief

The rollout of statewide medical and recreational marijuana programs typically is a grindingly slow process…

998 hits

Monday December 24

Colorado sees average price of wholesale marijuana rise in second half of 2018 - Cannabis…

in Finance

by Bruce Kennedy - Editor in Chief

New average market rates for products grown for retail purposes help state calculate excise tax…

980 hits

Monday December 24

Aging Well: More seniors using medical cannabis - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

More seniors are turning to medical marijuana to ease their pain. The National Council on…

908 hits

Monday December 24

What Are Landrace Strains? Here’s Everything You Need To Know - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

These are wild and natural strains of marijuana that humans discovered long before they began…

1719 hits

Tuesday December 25

Thailand approves medical marijuana in New Year's 'gift' - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

Thailand approved marijuana for medical use and research on Tuesday, the first legalization of the…

981 hits