The largest deal in the global cannabis market will unite two of the largest and most successful cannabis companies in Canada and the world, together producing over 570 tonnes of cannabis annually in 9, Canada and Denmark. Aurora will become the largest cannabis company in the world. The Israeli Tikun Olam will also benefit from the acquisition.
Canadian cannabis companiesAurora'(Aurora) and'Madrilliff(MedReleaf) - two of the world's largest companies in the field - announced their intention to unite in an extraordinary deal.
For 3.2 billion, Aurora will acquire Medralev and become the world's largest cannabis company.
Together, 9 holds Cannabis in Canada and 2 in Cannabis In Denmark And each year produces over 1,000 kg of Cannabis.
To date, the data is based solely on the medical cannabis market, and the legalization program in Canada is expected to take effect in about two months, which will significantly increase the market share of these companies.
This huge deal comes after a previous major deal Acquired "Aurora" for Kenyamd for 1.1 $ 1 billion.
Aurora shareholders will receive ownership of 61% of the shares of the subsidiary.
The Israeli cannabis company Tikkun Olam currently holds 10% of the shares of Medreilef and is expected to benefit from this transaction as well. Products and repair products currently sold in Canada by Madrigil will continue to be sold by Aurora.
Following the announcement, the value of the shares of the companies on the Canadian stock exchange soared.