Company will have the capacity to produce more than 570,000 kilograms of marijuana per year.
Researchers to undertake multiple population-based studies based on 29,000 patients.
Booze retailer plans to use the money to establish and launch a brand of cannabis retail outlets.
Partnership to optimize environmentally-friendly Organic Waste Digester for Cannabis Waste
Argues that CanniMed is Newstrike’s “last lifeline” and a significant portion of its capacity is unfunded.
Agreements with shareholders represent 38% of outstanding shares to support its bid.
Company until Nov. 17 to respond before Aurora launches a formal takeover bid.
Aurora’s Cam Battley made the comment after the company began trading common shares on the TSX.
Magna International Inc. raised its dividend 10% Feb. 23 after reporting fatter net profits in the latest quarter as Canada’s largest auto parts maker benefited from a recovery in the North American auto sector.