Aurora Cannabis falls on capital raise, reverse stock split [Reuters]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Reuters
Aurora Cannabis falls on capital raise, reverse stock split (Reuters) - Aurora Cannabis Inc’s ( ACB.TO ) ( ACB.N ) U.S.-listed shares fell nearly 14% in morning trade on Monday after the Canadian pot producer renewed an at-the-market offering under which it can raise as much as $350 million in equity capital. The company said its board also approved a reverse stock split of 1:12 to boost its share price above $1, the minimum required to maintain a listing on the New York Stock Exchange. Aurora’s U.S.-listed shares were last trading below 80 cents. Companies in the nascent marijuana industry had a rough 2019 and things are worsening this year, with many running out of cash at a time when the coronavirus pandemic has investors on the sidelines across all sectors. Producers CannTrust Holdings Inc ( TRST.TO ) and James E Wagner Cultivation Corp JWCAh.V filed for bankruptcy protection two weeks earlier. Edmonton, Alberta-based Aurora said on Monday it had about C$205 million ($146.8
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ACB
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- Aurora Cannabis: Medical Sales Boom Worldwide, Cash Flow to Swing Positive – Quarterly Update Report [Yahoo! Finance]Yahoo! Finance
ACB
Earnings
- 11/5/25 - Miss
ACB
Sec Filings
- 11/5/25 - Form 6-K
- 11/5/25 - Form 6-K
- 10/23/25 - Form 6-K
- ACB's page on the SEC website