CanniMed Therapeutics Inc. says it has entered into a definitive agreement with PharmaChoice to supply herbal, oils and oil derivative cannabis products to its more than 750 pharmacy locations across Canada. The Saskatoon-based company says PharmaChoice has committed exclusively to CanniMed as its sole supplier of cannabis products, subject to CanniMed meeting certain product and volume requirements. Earlier this year, CanniMed signed a letter of intent with member-owned co-operative PharmaChoice to be its exclusive medical cannabis distributor and to train its pharmacists and pharmacy technicians. The company says its deal with PharmaChoice is still conditional on Health Canada’s approval of […]

MONTREAL, Dec. 6, 2017 /CNW Telbec/ – BDC Capital and Golden Opportunities Fund congratulate Solido Design Automation, a world-leading Canadian company, on its recent sale to Siemens. Siemens, a global leader in industry software, will continue to invest in digitalization. Solido’s unique research and development and customer applications expertise are a perfect fit with Siemens. Shortly after Solido was founded in 2005, BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), and Golden Opportunities Fund invested in the company. Future investment rounds followed as the company developed its machine learning-based variation-aware design and characterization technology platform. With […]

SASKATOON, Saskatchewan–(BUSINESS WIRE)–CanniMed Therapeutics Inc. (“CanniMed” or the “Company”) (TSX: CMED) today announced that, in response to the unsolicited, opportunistic offer by Aurora Cannabis Inc. acknowledged in our press release issued on November 24, 2017 (the “Hostile Bid”), the Board of Directors of CanniMed (the “Board”) has adopted a shareholder rights plan (the “Plan”). The purpose of the Plan is to ensure that all shareholders are fairly treated, well informed and not subject to coercive bids. The Plan prevents Aurora from acquiring any CanniMed shares other than those tendered to its Hostile Bid or from entering into any lock-up agreements […]

Offer currently valued at $24.00 per CanniMed share 56.9% premium to CanniMed closing price prior to Aurora’s takeover proposal announcement Lockup agreements already in place with shareholders holding 38% of CanniMed shares, including CanniMed’s 3 largest shareholders TSX:ACB VANCOUVER, Nov. 24, 2017 /CNW/ – Aurora Cannabis Inc. (the “Company” or “Aurora“) (TSX: ACB) announced today that, further to its press release of November 17, 2017, it has formally commenced its offer (the “Offer“) to purchase all of the issued and outstanding common shares (the “CanniMed Shares“) of CanniMed Therapeutics Inc. (“CanniMed“) (TSX: CMED) for consideration consisting of common shares of […]

By: Alex MacPherson, Saskatoon StarPhoenix A Texas-based subsidiary of Siemens AG has purchased a prominent Saskatoon-based computer chip developer that specializes in “machine learning.” Siemens, which brought in about $124 billion in revenue last year, bought Solido Design Automation Inc. for an undisclosed price. A source familiar with the local company said it’s likely the largest single technology deal the province has ever seen. Solido president and CEO Amit Gupta described the deal as “very positive,” in part because Siemens has committed to continuing an ongoing expansion at the company’s office at Innovation Place in Saskatoon. “They’re very much committed […]

Siemens to acquire the leading provider of machine learning-based variation-aware design and characterization software, growing its commitment to Mentor’s integrated circuit (IC) design and verification technology – Siemens continues to build upon its digitalization strategy and to expand its software business in North America and Canada PLANO, Texas, Nov. 20, 2017 /PRNewswire/ — Siemens has entered into an agreement to acquire Saskatoon, Canada-based Solido Design Automation Inc., a leading provider of variation-aware design and characterization software to semiconductor companies worldwide. Solido’s machine learning-based products are currently used in production at over 40 major companies, enabling them to design, verify, and […]

SASKATOON, Saskatchewan & OAKVILLE, Ontario–(BUSINESS WIRE)–CanniMed Therapeutics Inc. (TSX: CMED): Transaction Highlights Combining the leading medical brand and a high profile recreational brand to create a premier global cannabis company Well positioned to offer innovative, high quality products with two top tier distinct brands uniquely positioned to address key product trends and emerging drivers of growth in both market segments CanniMed and Up Cannabis will leverage infrastructure and expertise across both platforms to drive strong synergistic value while focusing on being leaders in their distinct markets, with best-in-class production and marketing practices Expected to be accretive (before synergies) on key […]

Aurora Cannabis Executes Lock-up Agreements with 38% of CanniMed Shareholders VANCOUVER, Nov. 14, 2017 /CNW/ – At the request of IIROC, Aurora Cannabis Inc. (TSX: ACB) (“Aurora“) announced today that it has submitted a proposal (the “Proposal“) to acquire all of the issued and outstanding common shares of CanniMed Therapeutics Inc. (TSX: CMED) (“CanniMed“). The proposal was delivered to the Board of Directors of CanniMed on November 13, 2017 and Aurora is seeking to pursue a mutually agreed upon combination with CanniMed. CanniMed has not yet engaged in active discussions with Aurora, however, Aurora welcomes the opportunity to do so, […]

SuperiorRoads’ Python 5000 and SR 6000 pothole patcher products lines have been purchased by Smart Air Chamber Inc., which has formed a new company that will take the SuperiorRoads name. Kyungwon Yun, CEO of Smart Air Chamber and the new SuperiorRoads Solutions and Python Manufacturing, said the new company has taken on both the product line and many of the people from the existing company. “Our company purchased several Python 5000s over the past couple of years, and recognized their great potential,” Yun said. Smart Air Chamber currently manufactures truck-mounted attenuators and air cushion barriers for roads, and provides road […]

SASKATOON, Saskatchewan–(BUSINESS WIRE)–CanniMed Therapeutics Inc. (TSX: CMED) (“CanniMed”) has initiated production of CanniMed® Capsules, following the receipt of the Production License granted by Health Canada. Subject to Health Canada’s issuance of the required license to sell, CanniMed anticipates the Capsules will be available for patient order by end of calendar 2017. CanniMed® Capsules are a pivotal innovation in medical cannabis therapy as they deliver medicine in a dosage form widely utilized in the pharmaceutical industry, provide precise dosing in each capsule, enhance patient convenience and will be formulated to produce long-lasting effect. CanniMed® Capsules are vegan to address patient’s specific […]