Curaleaf Responds to Aurora Cannabis Circular

Curaleaf Holdings, Inc. issued a press release on September 2, 2026, addressing Aurora Cannabis Inc.'s circular. Curaleaf reiterated its offer, emphasizing that it provides a 45% premium to Aurora shareholders and offers meaningful future upside by creating a larger, more diversified cannabis platform. Curaleaf highlighted concerns regarding Aurora's financial health, including significant shareholder dilution through equity issuances and ATM programs, a declining business outlook with projected lower revenues and EBITDA, and a history of operating cash flow deficits. The company contrasted this with Curaleaf's strong fundamentals, including positive operating cash flow generation, a solid growth profile, and strategic positioning to benefit from industry and regulatory catalysts. Curaleaf also addressed Aurora's criticisms regarding its capital structure, exchange listing, and dual-class share structure, arguing that these are outweighed by Curaleaf's superior business fundamentals and performance. Curaleaf urged Aurora shareholders to carefully review the offer, emphasizing that it represents the most compelling path to value creation.