Cross-border consolidation in the cannabis industry has moved from executive speculation into aggressive dealmaking. As regulatory hurdles begin to clear across North America and Europe, operators are moving quickly to strengthen their finances and expand globally.
Curaleaf Holdings, Inc. OTCMKTS: CURLF bypassed management resistance and took an acquisition proposal directly to Aurora Cannabis Inc. NASDAQ: ACB shareholders. By offering a cash-and-stock package valued at about $4 per share, Curaleaf is attempting to build an international commercial footprint spanning 17 countries.
