Canopy Growth Draws Takeover Speculation After Curaleaf's $235 Million Aurora Bid
Updated
Updated · Yahoo Finance · Aug 13
Canopy Growth Draws Takeover Speculation After Curaleaf's $235 Million Aurora Bid
3 articles · Updated · Yahoo Finance · Aug 13
Summary
Canopy Growth has become a fresh takeover talking point after Curaleaf moved on Aurora Cannabis, but the report stops short of signaling any imminent deal.
CA$9.6 million of Canopy's CA$65.1 million quarterly cannabis revenue came from international markets—under 15%—leaving it far more tied to Canada's weak domestic market than Aurora.
Aurora looked more attractive because CA$43.3 million, or 64%, of its CA$67.6 million revenue came from international cannabis sales, giving Curaleaf a faster global expansion route.
Canopy could still be acquired as cannabis consolidation continues, but the report argues a buyer may wait for its roughly $460 million valuation to fall further before acting.