May 25, 2018
Aurora and MedReleaf are amending their agreement:
Aurora and MedReleaf have agreed to amend the Original Agreement to include, in the consideration payable to holders of MedReleaf's common shares, (each a "MedReleaf Share"), $0.000001 in cash for each MedReleaf Share. As a result, the consideration under the arrangement has been increased from 3.575 Aurora common shares for each MedReleaf Share to 3.575 Aurora common shares and $0.000001 in cash for each MedReleaf Share.
All the shareholders of MedReleaf combined will get ... $100 in cash. Why are they making such a comical change?
Taxable Canadian resident MedReleaf shareholders will be entitled to elect to receive tax-deferred roll-over treatment in connection with the acquisition by Aurora of their MedReleaf Shares.
Yup. Tax reasons. It's funny that Aurora wasn't aware of this a few weeks ago.