Aurora Cannabis Inc. has responded to Curaleaf Holdings’ proposed takeover bid, saying its board plans to establish a special committee of independent directors to evaluate the offer. Curaleaf announced Tuesday that it intends to launch an unsolicited bid to acquire all outstanding Aurora shares for implied consideration of $4 per share. The proposal consists of 0.3463 Curaleaf subordinate voting shares and $0.75 in cash for each Aurora share. The company said Aurora shares traded above that level as recently as December 18, 2025. Aurora emphasized that no decision has been made and that Curaleaf’s proposal may not ultimately result in a transaction.