US marijuana MSO Curaleaf plots $272 million hostile takeover of Aurora Cannabis
US-based cannabis multistate operator Curaleaf Holdings is pursuing a hostile takeover of Canadian licensed producer Aurora Cannabis, offering $4 per share in a mix of stock and cash, totaling $272 million. This move comes after Aurora's leadership reportedly declined to discuss a deal, prompting Curaleaf to appeal directly to shareholders. If successful, the combined entity would operate in 17 countries with significant revenue and expanded cultivation capacity, particularly in the EU.
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Attributed market update with source link for portfolio context.