Cannabis Watch: Why Aurora Cannabis hasn’t signed a deal with a U.S. giant like other pot companies

TORONTO — Aurora Cannabis Inc. is one of only two major Canadian cannabis companies with a market value of more than $1.5 billion that has yet to ink a partnership or investment deal with a major U.S. company, but that’s because a rich American advised executives not to do it.

Canopy Growth Corp. CGC, -4.38%WEED, -4.36% paved the way for such deals, signing an agreement with Constellation Brands Inc. STZ, -1.40% , which ultimately invested $4 billion in the Smiths Falls, Ontario, weed producer. Much smaller rival Hexo Corp. HEXO, -4.73%HEXO, -4.66%has signed a joint venture with Molson Coors Brewing Co.

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