Aurora Cannabis and MedReleaf Rumored to Be in Merger Talks
Is cannabis industry consolidating? On May 3, Aurora Cannabis (ACB) (ACBFF) and MedReleaf (MEDFF) were halted by the IIROC (Investment Industry Regulatory Organization of Canada) due to unusual trading levels on speculation of merger talks. Aurora Cannabis ended higher by 88 basis points at 8.02 Canadian dollars on May 3, while MedReleaf climbed as much as 2.2% to close at 22.25 Canadian dollars on the same day.