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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ACB
News
- Aurora Announces Distribution Partnership with Leafio Australia [Yahoo! Finance]Yahoo! Finance
- Aurora Announces Distribution Partnership with Leafio AustraliaPR Newswire
- Rubicon Organics Announces Appointment of Glen Ibbott as CFO [Yahoo! Finance]Yahoo! Finance
- Rubicon Organics Announces Appointment of Glen Ibbott as CFOGlobeNewswire
- 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