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Breaking Cannabis M&A: Curaleaf's Bid For Aurora Cannabis Goes Public | TTB Presented by Flowhub
Curaleaf (TSX: CURA) (OTCQX: CURLF) just took its bid for Aurora Cannabis (NASDAQ: ACB) (TSX: ACB) public — US$4.00 per share in stock and cash, after Aurora's board declined to engage twice.We break down the offer: 0.3463 Curaleaf shares plus US$0.75 cash, a 45% premium to Aurora's 30-day VWAP — or 110% stripping out Aurora's balance sheet cash — with consideration capped at US$5.00.Then the real reason this deal exists: Aurora's 50+ tons of annual EU-GMP cultivation capacity and the recently acquired Safari Flower Company, plugged into Curaleaf's international distribution across Germany…
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