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Cannabis news worldwide -- Cannabis Stock Report: CanniMed Cries Foul

Cannabis Stock Report: CanniMed Cries Foul

Embattled medical cannabis company CanniMed Therapeutics (TSX:CMED) announced on Monday the formal launch of the proxy for the acquisition of Newstrike Resources (TSXV: HIP). Included in the proxy launch is Newstrike’s licensed producer unit Up Cannabis. A vote in which Newstrike shareholders would receive .033 shares of CanniMed for each share of Newstrike will occur on January 23.Adding to the drama this week was the announcement that CanniMed took legal action against rival cannabis company Aurora Cannabis (TSX:ACB). CanniMed is contesting Aurora’s hostile takeover attempt both through a war of words in the press as well as in the courts. This week, the company’s CEO, Brent Zettl went on record as saying that the takeover attempt by Aurora was the product of secret, back-door dealings by two long-term CanniMed shareholders."When we started doing some digging, you could start to see that this is akin to financial guerrilla tactics. We&#…
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The Tragically Hip Set to Make Millions from Marijuana Merger

From "Wheat Kings" to "Weed Kings" Last year, the Tragically Hip became tragically hemp by announcing their partnership with Canadian medical marijuana producer Newstrike. Now, the band are set to take their stake in the company to new heights through backing an acquisition deal. Newstrike says the band are backing the company's upcoming acquisition by licensed producer CanniMed Therapeutics Inc. The Globe and Mail reports that the Hip, who are creative partners and shareholders in…

from Cannabis Culture http://www.cannabisculture.com/content/2018/01/17/tragically-hip-set-make-millions-marijuana-merger
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