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Aurora Cannabis is buying an organic medical marijuana company in the latest pot M&A tie-up

“It’s also the latest deal in what has already been a hot few weeks for M&A in the cannabis industry” writes Jeremy Berke for businessinsider.com. Aurora Cannabis on Monday said it’s acquiring Whistler Medical Marijuana Corporation, an organic cultivator based in Whistler, British Columbia, in an all-stock deal worth up to $132 million ($175 million CDN).Analysts said the Whistler deal gives Aurora a leg-up on branding power, in an industry where advertising is heavily restricted.The company operates two indoor marijuana cultivation facilities in British Columbia, including one under construction in Pemberton.In an interesting wrinkle to the deal, Cronos Group, another publicly traded marijuana cultivator and a rival to Aurora, owns a 21.5% equity stake of Whistler.
 
Source: businessinsider.com



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