Curaleaf Challenges Aurora Cannabis Following Alberta Securities Commission Ruling
Curaleaf Holdings (TSX: CURA) has issued a formal response to the Alberta Securities Commission's ruling regarding Aurora Cannabis Inc.'s at-the-market (ATM) equity program. Curaleaf CEO Boris Jordan criticized Aurora's management, questioning why shares were issued via ATM at lower prices prior to Curaleaf's bid and why their enhanced offer—representing an 86% premium—is being characterized as a discount. Curaleaf maintains that its proposed acquisition would create a global cannabis leader with operations in 17 countries and over $1.5 billion in LTM revenue. The company continues to press for inclusion in the strategic review process, alleging that Aurora is excluding them from customary due diligence while providing access to other parties.
Topics: Cannabis Industry Mergers and Acquisitions Regulatory Ruling Shareholder Activism
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Part of the story Curaleaf Challenges Aurora Cannabis Following Alberta Securities Commission Ruling (2 articles)