STAMFORD – Curaleaf Holdings Inc. says it intends to launch a takeover bid for Edmonton-based cannabis company Aurora Cannabis Inc.
Curaleaf says in a news release it plans to make an offer to purchase all of Aurora’s issued and outstanding common shares, which if successful, would create a combined cannabis company with a footprint in 17 countries across Europe, North America and other international markets.
The Stamford, Conn.-based company says it is going public with its plan after multiple attempts to negotiate with Aurora’s leadership privately were unsuccessful.
It says Aurora’s board refused to engage in discussions after Curaleaf chief executive Boris Jordan sent a formal letter of intent on June 23 outlining the company’s proposal, which prompted Curaleaf to send a follow-up letter on July 7.
Jordan says Curaleaf has decided to take its proposal directly to Aurora shareholders “because the premium is significant, the strategic rationale is compelling, and further delay is unjustified.”
Curaleaf says its offer would provide Aurora shareholders with US$4.00 per share, plus US$0.75 cash for each Aurora share, and it expects the proposed takeover to generate at least US$40 million of annual cost synergies.
This report by The Canadian Press was first published Aug. 11, 2026.
Companies in this story: (TSX:CURA, TSX:ACB)
