CanniMed investor MMAM acquires 165,500 shares

CanniMed investor MMAM acquires 165,500 shares

2018-02-08 09:06 ET - News Release

Mr. Matthew MacIsaac of MM Asset reports
MM ASSET MANAGEMENT CONFIRMS CONTROL OVER COMMON SHARES OF CANNIMED THERAPEUTICS INC.

On behalf of MMCAP International Inc. SPC, an investment fund advised by MM Asset Management Inc. (MMAM), MMAM has acquired control and direction over 165,500 common shares of CanniMed Therapeutics Inc. through the facilities of the Toronto Stock Exchange after a takeover bid had been commenced for the common shares of CanniMed. Currently, MMAM exercises control or direction over an aggregate of 2,068,447 common shares of CanniMed, representing approximately 8.36 per cent of CanniMed's issued and outstanding common shares, as reported by CanniMed in its management discussion and analysis dated Jan. 29, 2018.

MMAM exercises control and direction over the common shares of CanniMed for investment purposes.

Depending on market conditions and other factors, MMAM, on behalf of MMCAP, may from time to time increase or decrease its ownership, control or direction over securities of CanniMed through market transactions, private agreements or otherwise.

© 2018 Canjex Publishing Ltd. All rights reserved.

FP says Liquor Stores sells 19.9% interest to Aurora

FP says Liquor Stores sells 19.9% interest to Aurora

2018-02-06 09:22 ET - In the News

See In the News (C-LIQ) Liquor Stores NA Ltd

The Financial Post reports in its Tuesday, Feb. 6, edition that Aurora Cannabis agreed on Monday to acquire a 19.9-per-cent interest in Liquor Stores N.A. The Post's Barry Critchley notes that Aurora's interest could grow to 40 per cent.

Aurora will pay $298-million (in total, if everything works out) in cash and is buying its interest at a healthy premium to the market. Aurora is making its investment in two stages: $103.5-million now and the rest in stages, some of which requires shareholder approval.

The financing package also includes warrants, which if exercised, would raise a further $160-million. Some of the initial proceeds will be used "to establish and launch a leading brand of cannabis retail outlets," while the rest will be used to renovate existing liquor store outlets.

In a note Russell Stanley at Echelon Wealth Partners described the transaction as "probably the strongest vertical integration move we have seen a cannabis company undertake."

© 2018 Canjex Publishing Ltd. All rights reserved.

Liquor Stores N.A. Ltd

TSE: LIQ - Feb 6, 4:00 PM EST

12.38CAD0.46 (3.86%)

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12.02 ‏2:35 PM

Open	11.75
High	12.41
Low	11.75

Mkt cap	344.06M
P/E ratio	-
Div yield	2.91%