MedReleaf: Aurora Closes On $2.5B Purchase Of MedReleaf

MedReleaf Corp (OTC: MEDFF) and Aurora Cannabis Inc (OTC: ACBFF) said Wednesday they've closed the largest transaction completed in the cannabis industry to date with the merger of the two companies. What HappenedThe deal granted MedReleaf shareholders 3.575 common shares of Aurora for each MedReleaf share held. Aurora paid $2.5 billion for the acquisition, according to CNBC. "The closing of this transaction brings together two vertically integrated, successful pioneers in the cannabis industry, creating a company with more than 1,200 ...Full story available on Benzinga.com