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 April 22

Mass. veterans want to expand marijuana access to help curb opioid crisis - Cannabis News

in Activism

by Bruce Kennedy - Editor in Chief

As the state’s opioid epidemic claims the lives of veterans at three times the rate…

997 hits

Monday April 22

Carl’s Jr. CBD Burgers Go Over Big in Denver - Cannabis News

in 420 Specific

by Bruce Kennedy - Editor in Chief

In case you had any doubt about how mainstream and corporate 4/20 has become, you…

1061 hits

Monday April 22

Michigan County says no to drug tests for employees suspected to be high on marijuana…

in Law & Crime

by Bruce Kennedy - Editor in Chief

The Kalamazoo County Board of Commissioners voted down a proposal to add the word “marijuana”…

1060 hits

Monday April 22

Vancouver’s 60,000-strong 4/20 event still an outlaw - Cannabis News

in 420 Specific

by Bruce Kennedy - Editor in Chief

The city’s first 4/20 event since Canada’s legalization of recreational cannabis drew a record turnout…

1138 hits

Monday April 22

Generation Z Americans will be the Ultimate Cannabis Consumers - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

“They’re growing up in a world where cannabis is completely normal.”

1369 hits