Aurora Cannabis (TSX: ACB) has responded to Curaleaf’s (TSX: CURA) announcement that it intends to launch an unsolicited take-over bid for the company, confirming its board is reviewing the proposal while pointing out that the offer carries a ceiling below where Aurora shares traded as recently as December. Aurora’s account of events stretches back further than Curaleaf’s public announcement suggests. Aurora noted that the current proposal “added a cap on the value of the consideration of US$5.00 per Aurora Share, which is a lower price than Aurora Shares have traded as recently as December 18, 2025.” RELATED: Curaleaf Goes Hostile for Aurora Cannabis in US$4.00 A Share OfferCuraleaf’s proposed transaction values Aurora at US$4.00 per share, made up of 0.3463 Curaleaf subordinate voting shares plus US$0.75 in cash. Aurora Cannabis last traded at $4.92 on the TSX.