Jan 29 (Reuters) - Two of the world's biggest acquisitions in the marijuana industry have taken place in less than a week, with the nation's third-largest weed producer, Aphria Inc, agreeing to buy Nuuvera Inc for C$826 million ($669.80 million) on Monday. That follows Aurora Cannabis's C$1.05 billion takeover of CanniMed Therapeutics on Jan. 24. The combination of Aurora and CanniMed will create the world's biggest weed producer by market value, while Aphria's deal with Nuuvera will expand the acquirer's access to global markets including Germany, Israel, Italy and Malta.
The agreements topped global cannabis merger and acquisition activity, pushing deal values so far in 2018 to far above those in entire previous years. It brought the total value of marijuana-related mergers and acquisitions to $1.87 billion so far in 2018, more than double last year's total. Below are the five biggest deals in the sector, including acquisitions and stake purchases, according to Thomson Reuters data:
Acquirer Target Announce Target Acquirer Value (USD date nation nation millions) Aurora Cannabis CanniMed Jan. 24, Canada Canada $851
Therapeutic 2018 s
Aphria Inc Nuuvera Inc Jan. 29, Canada Canada $669.8
Canopy Growth Mettrum Dec. 1, Canada Canada $348.7 Health 2016 Constellation Canopy Oct. 10, Canada United $191.13 Brands Growth 2017 States Aphria Inc Broken Jan. 15, Canada Canada $184.67 Coast 2018
($1 = 1.2332 Canadian dollars)
(Reporting By Nichola Saminather in Toronto; Editing by Bernadette Baum)