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FASHION WEEK
Curaleaf’s Aurora Bid Has a Cap, No Floor, and a Contradiction
Curaleaf’s hostile bid asks Aurora Cannabis shareholders to accept an offer advertised at US$4 per share. But the mostly stock consideration has no downside floor, its upside is capped, and U.S. investors would exchange a Nasdaq-listed security for shares traded domestically over the counter. The offer circular also appears to contain outdated information about the conversion of Boris Jordan’s multiple-voting shares.
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Fiddler’s Greens Raw Tincture
Instead of using harsh chemicals to extract cannabinoids, Fiddler’s Greens uses a centuries-old, no-heat infusion process to produce its tinctures. This...
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