Story perspectives

Curaleaf Offers $4 Per Share, Aurora Board Rejects Bid

8/12/2026

Summary

Story summary

Curaleaf Holdings Inc., led by CEO Boris Jordan, announced a takeover bid for Aurora Cannabis Inc.
The bid offers US$4.00 per share plus US$0.75 cash, a 45% premium to the 30-day VWAP of US$2.75.
Each Aurora share would be exchanged for 0.3463 Curaleaf voting shares and US$0.75 cash.
Aurora’s board refused to engage and formed a special committee of independent directors.
Curaleaf projects the merger would span 17 countries, generate US$1.5 billion revenue and save US$40 million annually.

History

Historical Context

In December 2020, Aphria’s reverse acquisition of Tilray created the world’s largest cannabis company, kept the Tilray name, and placed CEO Irwin D. Simon in charge. The merger spurred scale-focused moves, such as 2018 partnerships with Sandoz and AB InBev, and a $94 billion market projection for 2025. Curaleaf’s $4-per-share bid for Aurora follows this consolidation trend.

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Story summary

Curaleaf Holdings Inc., led by CEO Boris Jordan, announced a takeover bid for Aurora Cannabis Inc.
The bid offers US$4.00 per share plus US$0.75 cash, a 45% premium to the 30-day VWAP of US$2.75.
Each Aurora share would be exchanged for 0.3463 Curaleaf voting shares and US$0.75 cash.
Aurora’s board refused to engage and formed a special committee of independent directors.
Curaleaf projects the merger would span 17 countries, generate US$1.5 billion revenue and save US$40 million annually.

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