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Alberta Securities Commission dismisses Curaleaf's application to halt Aurora's ATM program
ACBAurora Cannabis Inc
The Alberta Securities Commission dismissed an application by Curaleaf Holdings Inc. seeking to halt Aurora Cannabis Inc.'s at-the-market (ATM) equity issuance program, ruling in favor of the company. This decision confirms that Aurora's ATM program is compliant with securities laws and was established prior to Curaleaf's hostile bid. The board unanimously recommends shareholders reject the revised hostile bid by taking no action, asserting that the bid undervalues the company. Aurora reaffirms it has not used the ATM program during the hostile bid process. Aurora Cannabis Inc. operates as a global leader in medical cannabis with manufacturing facilities and brands across Canada, Europe, Australia, and New Zealand.