Reuters — Canadian cannabis producer Aphria said on Friday Green Growth Brands’ proposed $2.8 billion all-stock hostile bid “significantly” undervalued the company. Ohio-based cannabis retailer Green Growth, which merged with Xanthic Biopharma in November, said on Thursday it would offer 1.5714 shares for each Aphria share. The company said its valuation was based on a […] Read more

Aphria says proposed hostile bid undervalues company

Metro to buy Jean Coutu to stave off looming risks
Toronto | Reuters — Metro Inc., Canada’s third-biggest food retailer, on Monday agreed to buy pharmacy chain Jean Coutu Group for $4.5 billion in cash and stock, paying what analysts said was a “steep” premium to protect against risks facing the retail sector. The deal comes at time when global retail giants like Amazon.com, Wal-Mart […] Read more

Ad Feature: Edmonton firm acquires water works capacity
Edmonton-based Stantec Inc., an engineering and infrastructure consulting company, has announced the biggest deal in its 62-year history. The all-cash deal for Broomfield, Colorado-based MWH Global, which Stantec said is expected to close in the second quarter could increase Stantec’s annual revenues by about 60 per cent, to more than $4.5 billion, while its global […] Read more

Agropur plans three years of deeper cost cuts
Having beat a three-year, $75 million goal for cost cuts, Canadian dairy co-operative Agropur has set the bar at nine figures for the next three-year period. The Quebec-based co-op on Wednesday booked net earnings of $47.5 million on sales of $5.875 billion in its fiscal year ending Oct. 31, 2015, up from $38.31 million on […] Read more