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Curaleaf Remains Open to Engaging with Takeover Target Aurora Amid Dispute

Curaleaf Remains Open to Engaging with Takeover Target Aurora Amid Dispute

MT newswireMT newswire2026/10/27 12:35
08:35 AM EDT, 10/27/2026 (MT Newswires) -- Curaleaf Holdings (CURA.TO) remains open to engaging constructively with takeover target Aurora Cannabis (ACB.TO) following the Alberta Securities Commission's ruling on Aurora's at-the-market program. On Monday, Aurora reported the dismissal of Curaleaf's challenge to Aurora's at-the-market program. Aurora had said the decision confirms that the program, which was announced before Curaleaf's bid, complies with securities laws. Curaleaf said Tuesday that Aurora issued shares under the program for less than Curaleaf's original offer, while raising questions on why Aurora used the program heavily before and after Curaleaf's bid. Curaleaf reiterated that its enhanced offer of $5.00 per share represents a significant premium to Aurora's unaffected volume weighted average share price of about $2.75. Aurora previously described Curaleaf's bid as inadequate. "Curaleaf has made a premium offer and remains ready to engage immediately, yet Aurora continues to exclude Curaleaf from customary diligence while providing access to other parties," Curaleaf said.
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