Alberta Securities Commission Dismisses Curaleaf Challenge Against Aurora Cannabis At-the-Market Program
The Alberta Securities Commission has dismissed a legal challenge brought by Curaleaf Holdings (CURLF) regarding an at-the-market (ATM) share issuance program initiated by Aurora Cannabis (ACB). The dispute arose following Aurora's February filing to establish a program capable of raising up to $100 million through the sale of shares. The regulatory decision comes amidst ongoing tension between the two cannabis companies, following Curaleaf's recent hostile takeover bid for Aurora. With the challenge dismissed, Aurora Cannabis retains its ability to execute the equity issuance program as originally planned.
Topics: at-the-market program hostile takeover bid securities litigation
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Part of the story Curaleaf Challenges Aurora Cannabis Following Alberta Securities Commission Ruling (2 articles)