CanniMed files $725M lawsuit against Aurora, others over takeover bid
Saskatoon-based CanniMed Therapeutics Inc. has filed a lawsuit against Aurora Cannabis Inc., alleging what it calls “multiple claims of wrongdoing” related to Aurora’s hostile bid to acquire CanniMed.
In a statement released Friday evening, CanniMed (TSX:CMED) says it filed a lawsuit in Ontario Superior Court alleging Aurora (TSX:ACB) and others conspired to injure CanniMed’s economic interests.
CanniMed says it’s also seeking personal damages against one current and one former member of its board for their alleged involvement in the purported conspiracy.
It says the action, which has not yet been served, seeks $725 million in damages.