Curaleaf Holdings, Inc. 8K

Curaleaf Holdings, Inc. has launched a formal hostile take-over bid to acquire all shares of Aurora Cannabis Inc. for an implied US$4.00 per share in cash and stock, offering a significant premium and outlining expected strategic synergies, subject to customary conditions and a December 1, 2026 expiry.

On August 18, 2026, Curaleaf Holdings, Inc. formally commenced a hostile take-over bid to acquire all outstanding common shares of Aurora Cannabis Inc., filing and delivering a formal offer and take-over bid circular to Aurora shareholders. The offer provides implied consideration of approximately US$4.00 per Aurora share, consisting of 0.3463 Curaleaf subordinate voting shares plus US$0.75 in cash, equating to a 45% premium to Aurora’s 30‑day VWAP unaffected share price and a 110% premium on an ex‑cash basis, subject to a US$5.00 per‑share cap tied to Curaleaf’s future VWAP. Curaleaf highlights expected strategic and financial benefits of the combination, including substantial revenue and EBITDA scale, at least US$40 million in annual cost synergies, broader global diversification and enhanced access to capital, while criticizing Aurora’s historical impairments, restructuring charges, and lack of engagement to date. The offer is not subject to financing or due diligence conditions but is contingent on customary minimum tender thresholds, regulatory approvals, absence of a material adverse effect, and the effectiveness of a U.S. registration statement, and it is currently set to expire at 5:00 p.m. Mountain Time on December 1, 2026, unless extended, varied, or withdrawn.

Filing Facts

CIK

1756770

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-057556

Alert Tier

8