Aurora Cannabis shares plummet 40 per cent after unusual share sale [Toronto Globe and Mail (Ontario, Canada)]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Toronto Globe and Mail
Shares of Aurora Cannabis Inc., ACB-T a former star of Canada’s legal weed sector, plummeted another 40 per cent on Friday morning after the company announced an unusual share sale. Aurora sold US$125-million worth of new shares priced at US$2.45 each, amounting to a 10-per-cent discount compared to the price at which the company’s shares had last traded. Aurora and its lead underwriters, Canaccord Genuity and BMO Nesbitt Burns, added a warrant to the offering to entice buyers, and its inclusion made the discount even more extreme. Each warrant, which is similar to a stock option, allows someone who participates in the financing to purchase an additional Aurora share at some point over the next 36 months at an exercise price of US$3.20. After accounting for the value of this benefit, the new shares were likely sold at a discount of 30 per cent or more. Some investors seemed to like the deal terms. The financing had excess demand, and early on Friday the underwriters increased the deal
Show less
Read more
Impact Snapshot
Event Time:
ACB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ACB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACB alerts
High impacting Aurora Cannabis Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
ACB
News
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
- ACB, BRNS and EDUC among mid-day movers [Seeking Alpha]Seeking Alpha
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website