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Aurora Cannabis Acquires MedReleaf Australia

Feb 08, 2024•almost 2 years ago

Acquiring Company

Aurora Cannabis

Acquired Company

MedReleaf Australia

EdmontonBrisbaneManufacturingPharmaceutical Manufacturing

Description

Aurora Cannabis Inc., a leading global medical cannabis company based in Canada, has acquired the remaining approximately 90% equity interest of MedReleaf Australia. The acquisition is valued at AUD$50 million and is expected to provide a meaningful platform for Aurora to continue growing its leading global medical cannabis position in Australia and other APAC countries.

Company Information

Company

Aurora Cannabis

Location

Edmonton, Alberta, Canada

About

Aurora Cannabis Inc. is a world-renowned integrated cannabis company with an industry-leading reputation for continuously elevating and setting the global cannabis industry standard. Through our wholly owned subsidiaries, strategic investments, and global partnerships, Aurora provides a wide range of premium quality cannabis and hemp products and services, develops innovative technologies, promotes cannabis consumer health and wellness, and delivers an exceptional customer experience across all its brands. Aurora’s operations span multiple continents and focuses on both the medical and recreational cannabis production and sales, patient education and clinic counselling services, home hydroponic cultivation, extraction technologies and delivery systems, and hemp-based food health products. We operate around the globe pursuing new and emerging cannabis markets where possible through our owned network of import, export and wholesale distributors, and our e-commerce and mobile applications.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed