Business Day

Aurora Cannabis to buy Anandia

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Aurora Cannabis, the Canadian marijuana grower trying to complete the industry’s largest takeover, has agreed to acquire yet another company as it races to expand its scale and reach ahead of legalisati­on. Anandia Laboratori­es is set to be bought by Aurora for about C$115m (R1.16bn) in an all-stock transactio­n, the companies said on Tuesday. Anandia holds exclusive rights to some cannabis genetics.

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