Organigram to buy Aurora Cannabis amid hostile bid from Curaleaf

What happened: Organigram Global (OGI) agreed to acquire domestic rival Aurora Cannabis (ACB) in a cash and stock deal, following months of a hostile takeover campaign by U.S. competitor Curaleaf Holdings (CURLF). Key numbers: Deal valued at roughly C$561M. Why it matters: The agreement comes after a months-long hostile takeover campaign by Curaleaf Holdings (CURLF), positioning Organigram to acquire Aurora rather than see it taken over by the U.S. competitor.

Organigram Global (OGI) agreed to acquire domestic rival Aurora Cannabis (ACB) in a cash and stock deal, following months of a hostile takeover campaign by U.S. competitor Curaleaf Holdings (CURLF).

The agreement comes after a months-long hostile takeover campaign by Curaleaf Holdings (CURLF), positioning Organigram to acquire Aurora rather than see it taken over by the U.S. competitor.