MedReleaf, Aurora Cannabis confirm discussions, but no deal reached

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Shares in two of Canada’s three largest cannabis companies were halted on the Toronto Stock Exchange on Thursday. The Investment Industry Regulatory Organization of Canada halted trading in shares of MedReleaf Corp. and Aurora Cannabis Inc. on Thursday, “pending news.” Such halts are regularly ordered by the regulator when there is unusual trading in a company’s shares. Prior to the halt, trading in MedReleaf shares had spiked above their normal level, after the Globe and Mail first reported that MedReleaf had been seeking a buyer. The company put out a statement addressing the rumours, but it was non-committal. “In response to a request by Investment Industry Regulatory Organization of Canada, MedReleaf confirms that it engages from time to time in discussions with other industry players, including Aurora Cannabis, regarding various alternatives,” the company said Thursday afternoon. MedReleaf, Aurora Cannabis confirm discussions, but no deal reached

thumbnail courtesy of www.cbc.ca

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