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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Aurora Cannabis Inc    ACB   CA05156X1087

AURORA CANNABIS INC (ACB)
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Aurora Cannabis : CanniMed files $725 million lawsuit related to Aurora takeover bid

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01/13/2018 | 02:25am CET

Canadian medical marijuana company CanniMed Therapeutics Inc (>> CanniMed Therapeutics Inc) said on Friday it filed a lawsuit alleging multiple claims of wrongdoing and seeking $725 million in damages related to Aurora Cannabis Inc's (>> Aurora Cannabis Inc) hostile takeover bid.

Canadian medical marijuana company CanniMed Therapeutics Inc (>> CanniMed Therapeutics Inc) said on Friday it filed a lawsuit alleging multiple claims of wrongdoing and seeking $725 million in damages related to Aurora Cannabis Inc's (>> Aurora Cannabis Inc) hostile takeover bid.

The lawsuit, filed in the Ontario Superior Court of Justice, alleges breach of confidentiality, intentional interference with economic relations, conversion, breach of contract and other allegations pursuant to the Securities Act (Ontario), CanniMed said in a statement.

Aurora launched a hostile takeover bid for CanniMed in November.

Aurora was not available to comment on the lawsuit outside regular business hours.

CanniMed alleges that Aurora, several shareholders, one current and one former board member participated in a "civil conspiracy" intended to injure the economic interests of CanniMed.

(Reporting by Uday Sampath in Bengaluru; Editing by Leslie Adler)

Stocks treated in this article : Aurora Cannabis Inc, CanniMed Therapeutics Inc
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Financials ( CAD)
Sales 2018 70,6 M
EBIT 2018 -2,96 M
Net income 2018 19,9 M
Finance 2018 17,7 M
Yield 2018 -
P/E ratio 2018 287,50
P/E ratio 2019 63,89
EV / Sales 2018 73,4x
EV / Sales 2019 18,9x
Capitalization 5 206 M
Chart AURORA CANNABIS INC
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Aurora Cannabis Inc Technical Analysis Chart | ACB | CA05156X1087 | 4-Traders
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Mean consensus BUY
Number of Analysts 4
Average target price 8,61  CAD
Spread / Average Target -25%
Managers
NameTitle
Terry Booth Chief Executive Officer & Non-Independent Director
Steve Dobler President & Director
Michael Singer Chairman
Allan Cleiren Chief Operating Officer
Glen W. Ibbott Chief Financial Officer
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