Business
Aurora Cannabis Urges Shareholders to Reject $272 Million Curaleaf Bid
Aurora Cannabis ACB -0.54%decrease; down pointing triangle urged its shareholders to reject an unsolicited $272 million hostile takeover bid from Curaleaf CURA 1.32%increase; up pointing triangle Holdings, saying the offer is inadequate and undervalues parts of its business.
Aurora’s Chief Executive Miguel Martin added that the cannabis company’s standalone strategy to expand its medical cannabis business internationally should start to bear fruit in the next six months and plans to outline the strategy in greater detail in the coming weeks.
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