Deals
Canada's Top Pot Millionaires Just Got Richer With Aurora Deal
- MedReleaf main holders have combined stakes of $1.25 billion
- Analyst recommends selling into ‘enthusiasm’ for all-stock bid
An employee tends to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada.
Photographer: Jason Franson/BloombergThis article is for subscribers only.
Some of Canada’s richest marijuana investors just got a little richer -- at least on paper.
The biggest shareholders in Markham, Ontario-based pot grower MedReleaf Corp. now have stakes worth more than C$200 million ($156 million) each following Aurora Cannabis Inc.’s acquisition for about C$2.9 billion in stock, the largest deal in the sector.