India, Sept. 15 -- Curaleaf Holdings Inc. (CURLF) urged Aurora Cannabis Inc. (ACB.TO) shareholders to support its takeover offer. Further, Curaleaf has asked the Alberta Securities Commission or ASC to halt Aurora's at-the-market or ATM share issuance program while the offer remains pending.
In a letter, issued on Tuesday, Curaleaf called on Aurora shareholders to tender their shares under its offer, which provides 0.3463 Curaleaf shares and C$0.75 in cash for each Aurora share. Curaleaf said the offer represents a premium to Aurora's unaffected share price before the takeover proposal was announced.
The letter follows Curaleaf's September 14 application to the ASC seeking an order to stop Aurora from issuing additional shares through its...