MedReleaf, Aurora Confirm Talks Amid Reports of Pot Merger

Canadian marijuana producers MedReleaf Corp. and Aurora Cannabis Inc. said they’ve been in discussions amid speculation that the companies may combine.

MedReleaf said Thursday in a statement that it’s had talks with companies including Aurora “regarding various alternatives.” Aurora said the same in a separate statement. The Globe and Mail reported Wednesday that MedReleaf has contacted larger companies about a sale and that Aurora was engaged in talks.

MedReleaf rose 2.2 percent in Toronto to close at C$22.25, giving it a market capitalization of $2.2 billion. Aurora climbed 0.9 percent to C$8.02 for a valuation of $4.5 billion.

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