Indopedia All Things Marijuana
Canada is scheduled to legalize recreational cannabis in 2018 and dealmaking in the corporate sector is already off to a busy start.
First, we have The Green Organic Dutchman (TGOD), a licensed producer with 970,000 ft.² of available growing space in Ontario and Quebec. On Friday, mega-grower Aurora Cannabis announced plans to purchase an almost 18 percent stake in TGOD for $55 million (approximately $44,253,968 USD). TGOD is preparing an IPO for March.
The partnership between Aurora and TGOD includes a supply deal that will allow Aurora to purchase up to 20 percent of TGOD’s annual harvest. For the deal to be fully executed, TGOD is required to list on the stock exchange.
Aurora has been busy cultivating other partnerships as well. Earlier this month, the Edmonton-based grower finalized a deal with a Danish tomato producer to cultivate and sell medicinal cannabis to legal European markets. Those territories include Denmark, Sweden, Norway, Finland, and Iceland.
If that wasn’t enough from Aurora, the company has been actively involved in a hostile takeover bid for CanniMed Therapeutics — a licensed producer based out of Saskatchewan. Aurora has purchased 207,800…
