Aurora Cannabis seeks Alberta regulator order over alleged Curaleaf hostile bid disclosure lapses
Bitget2026/09/23 22:28- Aurora Cannabis filed an application with the Alberta Securities Commission seeking an order forcing Curaleaf to fix alleged hostile-bid disclosure breaches.
- The filing alleges Curaleaf’s circular lacks required pro forma financials, fails to meet the 105-day minimum deposit period, and omits French-language notice.
- Aurora argues the 105-day issue means the offer is not a “permitted bid” under its shareholder rights plan, risking a trigger above 20% ownership.
- The board reiterated its recommendation that shareholders reject the bid, take no action, and withdraw any tendered shares.
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