Cam Battley, a senior executive at Aurora Cannabis, quipped in a recent note to company colleagues that “we need to accelerate” mergers and acquisitions activity, because “we haven’t acquired any other companies in several hours.”
Aurora has been snatching up firms — including two deals announced the same day last week, and a hostile takeover bid launched a day later — in an effort to become a fully integrated, “globally dominant” player in production and retail.
Amid analyst predictions that consolidation in the Canadian cannabis sector will leave production in the hands of a few large players, Edmonton-based Aurora is in growth mode, having amassed an estimated $340 million in cash from investors.
Aurora goes on shopping spree, buying up cannabis rivals with investor windfall
