Organigram to Acquire Aurora Cannabis for $5.58 a Share

09:54 AM EST, 11/03/2026 (MT Newswires) -- Organigram Global (OGI) will acquire all of the issued and outstanding shares of Aurora Cannabis (ACB) for 7.80 Canadian dollars ($5.58) per share, the companies said Tuesday. The acquisition values Aurora at approximately CA$561 million on a fully diluted equity value basis, according to a statement. Under the terms of the deal, the companies said Aurora shareholders have the option to receive either CA$7.80 per share in cash, 5.8626 Organigram shares, or a combination of CA$3.75 in cash plus 3.0431 Organigram shares. The companies said they expect to complete the transaction in January 2027. Trading of shares of both companies was halted at 8:25 am ET and resumed at 9:45 am ET. Organigram shares were falling more than 6% shortly after trading resumed, while Aurora shares climbed past 17%.