Tweed Marijuana to Buy Bedrocan Cannabis in Merger of Medical Pot Producers

Tweed Marijuana is offering to buy Bedrocan Cannabis Corp. in a friendly deal that would combine the two companies into what they say would be Canada’s largest licensed pot producer.

The deal was worth $61-million when it was announced early Wednesday – although the final value will vary with Tweed’s stock price.

The two companies say the deal would combine Tweed’s consumer-oriented business and Bedrocan’s base in the clinical and research communities, giving the combined operation a competitive edge in a growing marketplace that opened up in May, 2014, after Health Canada updated regulations for the medical use of marijuana.

– Read the entire article at The Globe and Mail.