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CanniMed files $725 mln lawsuit related to Aurora takeover bid

From Reuters - January 12, 2018

(Reuters) - Canadian medical marijuana company CanniMed Therapeutics Inc (CMED.TO) said on Friday it filed a lawsuit alleging multiple claims of wrongdoing and seeking $725 million in damages related to Aurora Cannabis Incs (ACB.TO) hostile takeover bid.

The lawsuit, filed in the Ontario Superior Court of Justice, alleges breach of confidentiality, intentional interference with economic relations, conversion, breach of contract and other allegations pursuant to the Securities Act (Ontario), CanniMed said in a statement.

Aurora launched a hostile takeover bid for CanniMed in November.

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