Curaleaf Holdings, Inc. has filed a Notice of Variation, Change and Extension regarding its offer to acquire all issued and outstanding common shares of Aurora Cannabis Inc. The filing, dated October 6, 2026, indicates that the offer has been amended to increase the consideration offered to Aurora shareholders.
Under the amended terms, shareholders will receive US$1.00 in cash and 0.4013 of a subordinate voting share of Curaleaf for each Common Share of Aurora. This consideration is subject to adjustments as specified in the offer documents.
The expiry time for the offer has been extended from 5:00 p.m. (Mountain Time) on December 1, 2026, to 11:59 p.m. (Mountain Time) on December 4, 2026. Unless the offer is further extended, accelerated, or withdrawn, it will remain open for acceptance until this new Expiry Time.
Curaleaf has structured the offer to meet the requirements of a Permitted Bid under Aurora’s Shareholder Rights Plan. The company has filed the Notice of Variation with the U.S. Securities and Exchange Commission as an exhibit to Amendment No. 2 to its Tender Offer Statement on Schedule 14D-1F and related registration statements.
Shareholders who have already validly deposited their shares are not required to take further action. Those who have not yet deposited must follow the procedures outlined in the Letter of Transmittal or the Notice of Guaranteed Delivery to accept the offer by the Expiry Time.
