Aurora Cannabis Board Rejects Unsolicited Takeover Bid From Curaleaf

08:02 AM EDT, 09/02/2026 (MT Newswires) -- Aurora Cannabis (ACB) said Wednesday its board unanimously advised shareholders to reject an unsolicited takeover offer from Curaleaf because it significantly undervalues the company and exposes investors to unnecessary financial risks. The company currently holds $149 million in cash with no debt, while the prospective buyer carries over $1 billion in liabilities, Aurora Cannabis said. Aurora said the proposed transaction would give Curaleaf control of Aurora's cash while Aurora shareholders would receive only a portion of its value. Under the proposed terms, current investors would own 7.7% of the combined business while holding only 3.2% of voting power due to Curaleaf's multi-voting share structure, Aurora said. The board advised shareholders to take no action and withdraw any shares already submitted, the company added.