Curaleaf Holdings Inc. says it will sweeten the offer it’s made to buy rival pot firm Aurora Cannabis Inc.
Stamford, Conn.-based Curaleaf now wants to make an offer valued at US$5 per Aurora share. The offer will be comprised of 0.4013 Curaleaf shares plus US$1 cash, based on Curaleaf’s Oct. 2 closing share price.
The company says it’s boosting its bid despite Aurora rebuffing its past overtures because Curaleaf wants to signal it’s trying to negotiate in good faith and show it’s worth combining the cannabis businesses.
Over the summer, Curaleaf made a bid for the Edmonton-based company that was worth US$4 per Aurora share.
That bid included 0.3463 of a Curaleaf subordinate voting share plus 75 cents US in cash, based on its closing share price on Aug. 10.
Aurora urged shareholders to reject Curaleaf’s initial hostile takeover bid, saying the offer undervalued Aurora and was not in the best interests of shareholders.
This report by The Canadian Press was first published Oct. 5, 2026.
Companies in this story: (TSX:ACB, TSX:CURA)
