Major Cannabis Producer Canopy Bids for Spain's Alcaliber -Bloomberg

03/06/18 09:08 AM EST

--Canopy Growth Corp., the world's biggest producer of cannabis by market value, is bidding for Spain's Alcaliber SA in a deal that may see the latter valued at EUR200 million to EUR275 million, Bloomberg says, citing unnamed sources.

--Ontario-based Canopy is facing off against U.K. health-care investor GHO Capital and Spanish investment firm Alantra Partners SA, with final bids set to be tendered in the comings days, reports Bloomberg.

--According to Bloomberg, Alcaliber, which produces morphine and thebaine, is majority-owned by Spanish investment fund Torreal SA, with French drug maker Sanofi holding a 40% stake.


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(END) Dow Jones Newswires

March 06, 2018 09:08 ET (14:08 GMT)

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