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Canadian Company to Become Global Cannabis Leader After Latest Deal
The deal would combine two Canadian cannabis companies and create a larger global operator with stronger scale, capabilities and international reach.
- On Tuesday, Organigram Global Inc. announced an agreement to acquire Aurora Cannabis Inc. in a deal valued at C$561 million, offering shareholders a premium over a previous hostile bid.
- The friendly acquisition follows a hostile takeover attempt by Curaleaf Holdings Inc. earlier this year, which Aurora's board of directors unanimously rejected.
- Organigram CEO James Yamanaka said combining with Aurora "will accelerate the future of a leading cannabis company," creating a global platform with broader capabilities and financial strength.
- Aurora shareholders may choose between C$7.80 in cash, 5.8626 Organigram shares, or a combination of both for each Aurora share, subject to approval at a special meeting.
- The combined company aims to operate as a disciplined global cannabis leader, leveraging a diversified revenue base and enhanced supply chain to meet growing international demand.
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18 Articles
18 Articles
The Toronto Star+6 Reposted by 6 other sources
Organigram signs friendly deal to buy Aurora Cannabis after hostile Curaleaf offer
TORONTO - Organigram Global Inc. has signed a deal to buy Aurora Cannabis Inc. in an agreement that values the company at $561 million, after a hostile offer from Curaleaf
·Toronto, Canada
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Coverage Details
Total News Sources18
Leaning Left7Leaning Right0Center4Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 36%
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