Aurora Cannabis (ACB)
Aurora Cannabis, one of the largest licensed medical cannabis producers in Canada, could be a target for a deal. Its acquisitive history could be attractive to a potential buyer. The company acquired privately held Whistler Medical Marijuana Corp. in an all-stock deal for CA$175 million in January 2019. Aurora Cannabis, which has sales and operations in 24 countries across five continents, also holds a stake in several companies, including an 11% stake in The Green Organic Dutchman. Aurora Cannabis could be an acquisition candidate, since activist investor Nelson Peltz became a strategic advisor in March and the company has "built an early lead on geographic expansion alongside clinical trial work," Hundley says.
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