Aurora Cannabis is acting like a kid hiding under the bed hoping chores go away, but Curaleaf is standing right outside with a giant pile of money. Curaleaf’s boss just bumped up his offer to five dollars per share, which is nearly double what Aurora was worth only a few weeks ago. Aurora’s top leaders are completely ignoring the phone calls and locking the front doors, but Curaleaf isn’t walking away empty-handed. Instead, the boss has been talking behind their backs to the real owners—the everyday shareholders—and those investors love the sound of extra cash.
No matter how hard Aurora’s bosses try to say no, Curaleaf is almost definitely going to win this battle in the end. When a bigger company has this much money and the shareholders want the deal, the bossy board members usually have to give up. Curaleaf even threw in more cold hard cash to sweeten the pot, proving they will keep pushing until they get what they want. It is less like a friendly trade and more like an unstoppable tidal wave, and Aurora simply does not have a big enough boat to hold it off forever.
Once Curaleaf finally takes over, the two together will turn into a massive world powerhouse. They will sell across seventeen different countries and pull in over a billion dollars a year, saving tons of money by sharing the same factories and delivery trucks. Aurora will lose its bragging rights as an independent company, but its investors will get a ticket aboard a much bigger and safer ship. Curaleaf gets the global reach it has always dreamed of, and Aurora’s leaders will just have to accept that when a giant knocks with a check this big, they always end up moving in.
Dabbin-Dad Newsroom
