Aurora Cannabis: Promising Consolidation

Aurora Cannabis was in talks with Aphria on a merger of equals.
The deal was estimated to generate C$200 million in synergies.
The stocks could have had up to 50% upside on a merger.
Over the last week, Aurora Cannabis (ACB) and Aphria (APHA) apparently discussed a merger with talks falling apart. A merger would've made the new entity into a global giant in the cannabis space after the Canadians have lost a ton of market leadership to U.S. firms in the last year. The synergies alone could make this a no brainer deal as Aurora Cannabis already had made an impressive transformation on costs making the long-term investment thesis on the stock more bullish.
Read the full article on Seeking Alpha. 

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