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Organigram agrees to acquire Aurora Cannabis for 561 million Canadian dollars

Stocktwits +2 · ·by G4L

OGI
OGI Organigram Global Inc
$0.88 -0.07%
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ACB ACB -1.53%
  1. 1Organigram agreed to acquire Aurora Cannabis for 561 million Canadian dollars (400 million dollars).
  2. 2Aurora Cannabis (ACB) shares rose by more than 20% on Tuesday.
  3. 3Aurora shareholders are expected to own approximately 35% of the merged entity on a fully diluted basis.

So what's the key point?

Organigram has agreed to buy Aurora Cannabis for 561 million Canadian dollars. Following this news, Aurora Cannabis shares rose by more than 20 percent.

Source Stocktwits +2 · View original ↗

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