Curaleaf Holdings’s takeover bid for its Canadian rival Aurora Cannabis has evolved into a public spat between the two cannabis giants over whose financial projections are honest, who would actually control the proposed new entity, and whether the current bid can even close on its own terms.
As Canada works out how to deal with calls from its southern neighbour to become the 51st US state, it is expanding its own invasion on a very different front.
The Canadian cannabis giant Aurora Cannabis published its second quarter results last week, revealing a double-digit jump in revenues and record pre-tax profits.
Aurora CEO Miguel Martin answered some tough questions from Marijuana Business Daily last week about lost market share in the adult-use market in Canada, what previous management was thinking when they built so much production capacity and how he plans to turn things around.
