Aurora Cannabis Urges Shareholders to Reject Hostile Takeover Offer by Curaleaf
Aurora says Curaleaf’s offer undervalues the company and would leave shareholders with only 3.2% of voting power in a combined firm.
- On Wednesday, September 2, 2026, the Aurora Cannabis Inc Board formally urged shareholders to reject Curaleaf Holdings Inc's unsolicited bid, advising investors to take no action and withdraw any previously tendered shares.
- Aurora claims it is debt-free with $149 million in cash, while Curaleaf carries over $1 billion in debt, alleging the bid attempts to use Aurora's cash to fix Curaleaf's balance sheet.
- Aurora's board noted governance concerns: shareholders would own approximately 7.7% of the combined company but control only about 3.2% of voting power due to Curaleaf's multi-voting share structure.
- Miguel Martin, Executive Chairman and CEO of Aurora, stated the bid is "inadequate," adding that Curaleaf asks shareholders to exchange a debt-free business for limited upside with reduced voting influence.
- Independent equity research analysts support Aurora's position, stating the bid "undervalues Aurora and does not adequately reflect its medical cannabis leadership, balance sheet flexibility, international expertise, or long-term growth potential.
17 Articles
17 Articles
Aurora Cannabis urges shareholders to reject hostile takeover offer by Curaleaf
Edmonton-based Aurora Cannabis is urging shareholders to refuse a hostile takeover bid by Curaleaf. Aurora says it is debt-free with $149 million in cash while the rival cannabis company is over $1 billion in debt.
Aurora Cannabis Urges Shareholders to REJECT Curaleaf's Hostile Bid, Warning that it is Inadequate, Undervalues Aurora and Puts Shareholder Value and Future Upside at Risk
NASDAQ | TSX: ACB Curaleaf's hostile and opportunistic bid significantly undervalues Aurora, and aims to capture Aurora's assets at a discount Aurora is debt...
Curaleaf Responds After Aurora Board Unanimously Recommends Shareholders Reject Takeover Bid
The Marijuana Herald - Marijuana news and information Curaleaf Holdings has responded to Aurora Cannabis' formal rejection of its unsolicited takeover bid, arguing that its offer remains the best path forward for Aurora shareholders and accusing the company's board of relying on arguments contradicted by its own actions. The response comes after Aurora's board unanimously recommended that shareholders reject Curaleaf's offer by taking no action …
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