Aurora Cannabis Urges Shareholders to Take No Action on Curaleaf Bid

Aurora Cannabis Inc. has advised its shareholders to take no action in response to an unsolicited takeover bid from Curaleaf Holdings, Inc.

The company expressed concern that Curaleaf's offer may be an attempt to pressure shareholders into making short-term decisions that would primarily benefit Curaleaf's shareholders.

Aurora Cannabis emphasized that the company's board of directors is currently evaluating the bid and its implications. The company plans to provide further communication and recommendations to shareholders once this evaluation is complete.

Additional details regarding the takeover bid and its potential ramifications are expected later, as Aurora Cannabis prepares its formal response and guidance for its shareholders.