Aurora Cannabis (ACB) Feels the Heat of Share Dilution; Analyst Says ‘Hold’ [Yahoo! Finance News]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Yahoo! Finance News
Shares of Canadian cannabis company Aurora Cannabis ACBIn a Form 6-K filing with the SEC, Aurora on Monday announced that after burning through much of the $400 million raised from "At-The-Market" ATM) stock sales in 2019 Aurora has about $205 million of that left), it is returning to the public markets with a new offering to sell stock and raise an additional $350 million "to provide further balance sheet strength and preserve flexibility given macroeconomic uncertainty caused by COVID-19."Aurora Cannabis stock promptly fell 13% to close the day at less than $0.76 per share -- which is understandable.After all, in order to raise the targeted $350 million, Aurora Cannabis will have to float and sell 460.5 million new shares at the going ATM price of $0.76. Meanwhile, Aurora's entire share count right now is only 1.17 billion shares. Thus, the new share issuance will dilute existing shareholders out of about 28% of their ownership interest in the company.And that's not all. As the numb
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News
- Is Aurora Cannabis (ACB) One of Best Tobacco and Cigarette Stocks to Look at [Yahoo! Finance]Yahoo! Finance
- Aurora Cannabis Acquires Safari Flower Company, Boosting EU GMP Capacity [Yahoo! Finance]Yahoo! Finance
- Aurora Cannabis Accelerates Global Medical Cannabis Leadership with Accretive Acquisition of Safari Flower Company, Expanding EU GMP Capacity to Serve Growing High Margin International Markets [TheStreet.com]TheStreet.com
- Aurora Cannabis Accelerates Global Medical Cannabis Leadership with Accretive Acquisition of Safari Flower Company, Expanding EU GMP Capacity to Serve Growing High Margin International MarketsPR Newswire
- Aurora Cannabis Inc. and Bioxyne: Scaling Medical Cannabis Exports via TGA Facilities [TheStreet.com]TheStreet.com
ACB
Earnings
- 2/4/26 - Beat
ACB
Analyst Actions
- 1/27/26 - CANACCORD
ACB
Sec Filings
- 4/16/26 - Form 6-K
- 4/15/26 - Form 6-K
- 3/30/26 - Form 6-K
- ACB's page on the SEC website