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Aphria and Aurora Explored Merger, Talks Failed: BNN Bloomberg

July 14, 2020, 7:53 PM

Canadian cannabis producers Aphria Inc. and Aurora Cannabis Inc. considered a merger that would have created a C$3.5 billion ($2.6 billion) firm before talks broke down last week, BNN Bloomberg television reported.

The companies opted to step back from merger talks that took place over several weeks after failing to agree on board composition and compensation for some senior executives, BNN Bloomberg reported, citing two people familiar with the matter. It’s not known if the two firms will revisit merger talks in the future, said the people, who spoke under condition of anonymity.

Before talks ended, executives agreed on terms ...