RE:Aurora Cannabis Receives Competition Bureau Clearance This is why LEAF is equalizing to the deal today more so than others.
Pretty much stating the vote is all that stands in the way. With the LEAF vote all but assured and the history of ACB getting the deal done I have the utmost faith this is a done deal.
I was also happy to see they expect this to close before August. I was expecting late August early September.
A good portion of ACB shares are sitting in those meetings. Between the insiders and the financiers I am confident they know where they stand when they make these offers.
Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and MedReleaf Corp. ("MedReleaf") (TSX: LEAF) today announced that the Canadian Competition Bureau has issued a no-action letter under the Competition Act (Canada) indicating that it does not intend to challenge the proposed arrangement (the "Arrangement") between Aurora and MedReleaf, whereby Aurora intends to acquire all of the issued and outstanding common shares of MedReleaf (the "Transaction").
The Arrangement remains subject to customary closing conditions, including approval by each of Aurora shareholders and MedReleaf shareholders at shareholder meetings scheduled to be held on July 18, 2018, and final court approval. Subject to satisfaction of these closing conditions, the Transaction is expected to close later in July, 2018.
The Arrangement has been unanimously recommended by the Aurora board of directors and the MedReleaf board of directors. Certain directors and officers of Aurora and MedReleaf have also entered into support agreements pursuant to which they have agreed to vote their shares in favour of the Arrangement. In addition, holders of approximately 56% of MedReleaf's issued and outstanding common shares have entered into irrevocable hard lock-ups to vote their shares in favour of the Arrangement.
YOUR VOTE IS IMPORTANT PLEASE VOTE TODAY. Your vote is important regardless of the number of shares you own. Aurora shareholders and MedReleaf shareholders are encouraged to read their respective Circulars in detail.
Aurora shareholders who have questions regarding the Arrangement or who require assistance with voting may contact Aurora's strategic advisor and proxy solicitation agent, Laurel Hill Advisory Group at 1-877-452-7184 (toll free) or 416-304-0211 (collect) or by email at assistance@laurelhill.com.
MedReleaf shareholders who have questions regarding the Arrangement or who require assistance with voting may contact D.F. King, MedReleaf's proxy solicitation agent, by telephone toll free at 1-866-521-4425 (1-212-771-1133 by collect call) or by email at inquiries@dfking.com.