Curaleaf raises Aurora Cannabis offer 25% to $5.00 per share
Curaleaf Holdings will file a Notice of Variation to lift its hostile offer for Aurora Cannabis to total implied consideration of US$5.00 per share — 0.4013 Curaleaf shares plus US$1.00 cash — an 86% premium to Aurora's unaffected price. Cash consideration rises 33% and the cap price climbs 20% to US$6.00. The enhanced bid was built solely from public information, and Curaleaf is pressing Aurora's board for formal due diligence.
Why it matters: A sweetened unsolicited bid raises the pressure on Aurora's board and would create a global cannabis platform at a time when the sector badly needs scale.
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