Mergers & AcquisitionsMedium•3 November 2026•
1 min read
BAT Commits £100M to Finance Organigram and Aurora Cannabis Merger
Key Facts
1British American Tobacco provided a £100 million commitment to support the merger between Organigram and Aurora Cannabis.
British American Tobacco provided a £100 million financing commitment to support the merger between Organigram and Aurora Cannabis. Benzinga reported that the funding is intended to facilitate Organigram's acquisition of Aurora Cannabis for C$7.80 per share.
Aurora Cannabis (ACB) closed at $4.22 on November 2, 2026, with a session high of $4.34 and a low of $4.09. The financial backing from a major global player like British American Tobacco provides the necessary capital to execute the previously announced merger and stabilizes the target's valuation.