Aurora Cannabis’s hostile takeover bid for CanniMed Therapeutics includes the backing of two Saskatchewan venture capital funds.

Aurora Cannabis has launched an all-stock hostile takeover bid for CanniMed Therapeutics, on the condition the medical marijuana producer cancel its own planned acquisition of Newstrike Resources Ltd.

Alberta-based cannabis producer Aurora says it intends to use its ownership of greenhouse design firm Larssen to pressure other cannabis producers to enter partnerships that will further growth plans.