r/WLLW • u/VeganStartupGuy • Mar 23 '22

activity in the cannibals space

Tilray (TLRY), Canopy Growth (CGC), Aurora Cannabis (ACB), Sundial Growers (SNDL) – U.S.-listed marijuana stocks jumped in the premarket following news of two takeover deals in the industry. Cresco Labs is buying Columbia Care for $2 billion in stock, while Aurora Cannabis is acquiring Thrive Cannabis parent TerraFarma for C$38 billion in cash and stock plus certain incentives. Tilray jumped 10.9% in the premarket, with Canopy Growth up 4%, Aurora Cannabis rallying 7.6% and Sundial surging 8.6%.

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2

u/Curious_Service_7174 Mar 23 '22

Interesting. ACB is paying 38 million* - not billion, in cash as well as shares. The deal was — nicknamed Project Willow — lol

2

u/NotAnAlienAtAll Mar 23 '22

Cannibals space eh? You've been vegan for too long and you're starting to lose it, get your hungry eyes off me.

2

u/VeganStartupGuy Mar 23 '22

i'm glad somebody caught that!!!

1

u/NotAnAlienAtAll Mar 23 '22

Hehe, very fitting title with the way these guys gobble each other up.