Aurora is making a capped share offer for CanniMed

The Aurora share-for-share offer for CanniMed (another TSX-listed cannabis company, 38% of whose shares have been locked up) is capped at a value per CanniMed share of $24.00, so that if there is appreciation in the Aurora shares above this cap, the exchange ratio will be reduced accordingly. This does not affect the availability of the s. 85.1 rollover.

Neal Armstrong. Summary of Aurora Cannabis Inc. Offer under Public Transactions – Mergers & Acquisitions – Unsolicited Bids.