Aurora Cannabis (TSE: ACB) has been pretty active on the M&A front, purchasing at least 10 companies in the past 2 years. ICC is a leader in the South American cannabis market, and has over 70% market share in Uruguay, the first country in the world to legalize cannabis for adult consumer use. Through this acquisition, Aurora will be able to leverage ICC’s market-leading position in South America, and aid the latter in its expansion plans. The market price stood at CAD 8.26 as of September 10, 2018, implying our price estimate is at a significant premium. We have created an interactive dashboard analysis on Our Outlook For Aurora Cannabis In FY 2019 (year ended June 30, 2019).

Source: Forbes September 11, 2018 17:37 UTC