Shares in two of Canada’s three largest cannabis companies were halted on the Toronto Stock Exchange on Thursday.
The Investment Industry Regulatory Organization of Canada halted trading in shares of MedReleaf Corp. and Aurora Cannabis Inc. on Thursday, “pending news.”
The moves comes after the Globe and Mail newspaper first reported that MedReleaf had been seeking a buyer.
Prior to the halt, Aurora was the second most valuable cannabis company in Canada, and MedReleaf was the third.
Edmonton-based Aurora has grown rapidly through acquisitions. Just this week, the company finalized a deal to buy rival Cannimed, in a deal that was first proposed in January.
More to come