GB Group Ord Shs GBGPF

RE:Cannimed Response

[Balthus]

Looks like Cannimed will be refusing the offer. Here are quotes from Cannimed website; ''Further, CanniMed cautions that the share consideration (or equivalent share value) offered by Aurora in its press release is inflated and CanniMed believes over values Aurora in that it is based on the closing price of the Aurora shares on the TSX on November 14, 2017, which reflects an increase of 124.9% over Aurora’s closing price on the TSX over the preceding 12 trading days (Aurora’s closing share price on October 27^th, before the recent run-up, was $2.85 which implies a value of $12.90 per CanniMed share at the Exchange Ratio. CanniMed’s closing price on October 27^th was $11.53).

CanniMed also announces that it has previously entered into an exclusivity agreement with, and is in advanced discussions to acquire, Newstrike Resources Ltd. (TSXV: HIP) (“Newstrike”) at an exchange ratio of 0.033 CanniMed shares per Newstrike share, a transaction that if completed would be expected to provide CanniMed with accelerated penetration into the adult use cannabis market. Newstrike has a leading recreational brand, “Up Cannabis”, and a partnership with the Canadian musical artists, The Tragically Hip. Any transaction with Newstrike is expected to be subject to, among other things, the approval of shareholders of CanniMed and Newstrike at special meetings of shareholders called for that purpose, and regulatory and court approval. There is, however, no certainty that any transaction with Newstrike will be entered into or completed.

Further details will be provided to shareholders as soon as practical and shareholders are again cautioned to take no action. ''

full PR at:
https://www.cannimedtherapeutics.com/investors/news/news-details/2017/CanniMed-Acknowledges-Aurora-Press-Release-and-Announces-Exclusivity-Agreement-and-Intention-to-Acquire-Newstrike-Resources-Ltd/default.aspx