M&A
confidence high
sentiment positive
materiality 0.90
Curaleaf rebuts Aurora's claims, cites 35% share decline and weak EBITDA
Curaleaf Holdings, Inc.
- Aurora shares fell ~35% over past year vs Curaleaf +56%; Curaleaf reiterates substantial premium offer.
- Aurora June quarter adj. EBITDA 63% below March quarter; C$5.1M add-backs; cash flow -C$4.4M.
- Aurora's cultivation yield 114g/plant per its own filing; Curaleaf claims more than double.
- Aurora guides FY2027 revenue near FY2025, gross margin down to mid-high 50s from ~64%.
- Curaleaf says Aurora refused NDA and site visit; no substantive deal talks occurred.