Aurora Cannabis reviews unsolicited take-over bid launched by Curaleaf
On August 19, 2026, Aurora Cannabis Inc. ("Aurora") confirmed that Curaleaf Holdings, Inc. ("Curaleaf") commenced an unsolicited take-over bid for all of its issued and outstanding common shares at a stated implied consideration of US$4.00 per share, consisting of 0.3463 subordinate voting shares of Curaleaf plus US$0.75 in cash for every share of Aurora held. The offer includes a cap of US$5.00 per share on the value of the consideration, a level below the market price of Aurora shares since December 18, 2025.
Aurora’s Board of Directors have advised shareholders to take no action on the offer until a formal recommendation has been made. A special committee of independent directors (the "Special Committee") has been formed to consider the offer with its advisors before making a recommendation. Aurora shareholders will be notified of the Board's formal recommendation through a news release and Directors' Circular within 15 days, in accordance with applicable securities laws.
The offer follows an announcement by Curaleaf on August 11, 2026 of its intention to make the offer. At that time, Aurora confirmed that it received letters from Curaleaf dated June 23, 2026, and July 7, 2026, outlining proposals to acquire the shares of Aurora.
- The June 23, 2026, letter contained no proposed financial terms.
- The July 7, 2026, letter included no detail regarding the mix of cash and share consideration being proposed by Curaleaf.
Further information can be found on Canada Newswire’s website.
Aurora is a global leader in medical cannabis, dedicated to improving lives through scientific expertise, proven performance, and a deep commitment to patient care. It serves medical markets across Canada, Europe, Australia, and New Zealand with a portfolio of trusted, leading brands including Aurora®, MedReleaf®, Pedanios®, IndiMed™, San Raf®, and Whistler Medical Marijuana Corporation®.
Curaleaf is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. The company and its brands, including Curaleaf, Select, Grassroots, Find, Dark Heart, and Anthem provide industry-leading service, product selection and accessibility across the medical and adult use markets.