Mergers & Acquisitions ·
Organigram agrees to acquire Aurora Cannabis for C$7.80 per share in C$561M deal
ACBAurora Cannabis Inc
Aurora Cannabis Inc. announced it has entered into an arrangement agreement with Organigram Global Inc. under which Organigram will acquire all outstanding common shares of Aurora for total consideration of C$7.80 per share, valuing the company at approximately C$561 million on a fully diluted basis. Shareholders may elect to receive all cash, all Organigram shares (5.8626 per Aurora share), or a combination of C$3.75 in cash and 3.0431 Organigram shares. The transaction is supported by British American Tobacco via a C$187.5 million equity commitment and C$210 million in debt financing from ATB Financial. Closing is expected in January 2027, subject to regulatory approvals and shareholder votes. Aurora Cannabis Inc. operates in the cannabis industry.