Aurora Cannabis has applied to the Alberta Securities Commission (ASC), Alberta’s securities regulator, seeking an order requiring Curaleaf Holdings to correct alleged deficiencies in its hostile takeover bid for Aurora. Aurora says Curaleaf failed to provide pro forma financial statements for the proposed combined company, keep the bid open for the required 105-day deposit period and publish notice in a French-language publication. Aurora says the omissions could restrict shareholders’ access to information and time needed to assess the offer. The company argues that Curaleaf’s failure to meet the 105-day requirement means the offer is not a permitted bid under Aurora’s shareholder rights plan, which would be triggered if Curaleaf acquired more than 20% of Aurora’s shares. Aurora’s Special Committee and Board unanimously recommend that shareholders reject the bid by taking no action and not tendering their shares, while shareholders who have already tendered are urged to withdraw them.