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Markets · Investing · Business
Finance
Is Curaleaf Stock a Buy With Its Attempted Hostile Takeover of Aurora Cannabis Under Way?
The U.S. company formally kicked off the bid for its peer across the northern border.
A new chapter in the big takeover saga in the marijuana industry began on Aug. 18. U.S. multistate operator Curaleaf Holdings(OTC: CURLF), which is vying to become the new owner of Canada's Aurora Cannabis(NASDAQ: ACB), formally launched a hostile bid for its peer. This came almost exactly a week after Curaleaf first publicly announced its intentions.
Owning Aurora would transform the U.S. cannabis company, changing its business profile and pushing it into new markets. That is, of course, if the attempt succeeds. But that's a story for the future; here's my take on whether Curaleaf is a buy right now.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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