Organigram Global to Acquire Aurora Cannabis for CA$7.80 per Common Share

11:50 AM EST, 11/03/2026 (MT Newswires) -- Organigram Global (OGI.TO, OGI) and Aurora Cannabis (ACB.TO, ACB) entered into an arrangement agreement for Organigram to acquire Aurora for CA$7.80 per common share, the companies said in a statement on Tuesday. The transaction values Aurora Cannabis at approximately CA$561 million on a fully diluted equity value basis, said the statement. Under the terms of the agreement, Aurora shareholders will have the option to receive CA$7.80 per Aurora share in cash, 5.8626 Organigram shares per Aurora share or a combined consideration of CA$3.75 in cash plus 3.0431 Organigram shares, in each case per Aurora common share, subject to proration, said the statement. "The consideration represents a 93% premium to the unaffected closing share price of Aurora Shares on the TSX as of August 10, 2026, the last full trading day of Aurora prior to the announcement by Curaleaf Holdings, Inc. ("Curaleaf ") of its intention to launch a hostile takeover bid for Aurora (the "Unaffected Price"), and a 21% premium relative to the current bid value of the Curaleaf hostile offer (the " Hostile Bid ") as most recently amended on October 6, 2026, which was unanimously rejected by Aurora's Board of Directors," said the statement. The transaction, which will be carried out by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia), is subject to certain approvals and is expected to be completed in January 2027, said the companies. The statement also said that the cash component of the consideration is fully financed and is expected to be financed through cash on hand, a concurrent investment by British American Tobacco and an increase in Organigram's existing credit facility. Organigram Global shares were last seen down CA$0.01 to CA$1.35, while Aurora Cannabis shares were last seen up CA$1.22, or 20.7%, at CA$7.11, an 11-month high, on the Toronto Stock Exchange. Price: 1.33, Change: -0.03, Percent Change: -2.21