Search: Aurora

Aurora Cannabis: Another Day, Another Dilution

Aurora Cannabis (ACB) investors are a resilient lot. The Canadian cannabis producer is notorious for diluting its shares via cash raising efforts. The company has continually burnt a hole through its reserves, and the share count has ballooned over the years as it has attempted to put the fires out. Its latest move has involved another attempt to pad the…

Here’s Why Aurora Cannabis Dropped Over 7% Today

Shares of Canadian cannabis grower Aurora Cannabis (NYSE: ACB) dropped today after the company announced a new share offering. Aurora announced that it will be issuing 12 million new shares, plus additional warrants to purchase shares. Aurora will use the $125 million in proceeds “for general corporate purposes, which may include opportunistically reducing debt.” READ MORE:

UPDATE: Aurora Cannabis $125 million capital raise may not be enough if it’s serious about the U.S.: Jefferies analyst

Aurora Cannabis Inc.’s $125 million bought-deal financing is not surprising, but may not be enough for the Canadian company to establish a needed foothold in the U.S., Jefferies analyst Owen Bennett said Friday. “Following ACB’s recent business update and restructured credit facility, we flagged a risk of underinvestment,” Bennett wrote in a note to clients. Since that update, “US political…

Aurora Cannabis Raises $125 Million at $10.50

Aurora Cannabis Inc. Announces US$125 Million Bought Deal Financing EDMONTON, Alberta, Jan. 21, 2021 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (“Aurora” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets, under which the underwriters have agreed to […] READ MORE:

Why Aurora Cannabis Stock Dropped Today

Shares of Aurora Cannabis (NYSE: ACB) were down 4.9% as of 12:15 p.m. EST on Thursday. A recent sales distribution agreement has the company further trimming staff as it continues on its transformation plan. Shares of the Canadian marijuana grower jumped last week, after it announced a new agreement with Great North Distributors that Aurora said will “significantly bolster” its…

Aurora Announces Agreement with Great North Distributors Inc. For Canadian Retail Sales Execution

TORONTO–(BUSINESS WIRE)– #auroracannabis–Aurora Cannabis Inc. announces agreement with Great North Distributors for distribution of its brands across Canadian cannabis retail environment. READ MORE:

Why Aurora Cannabis Plummeted 28.9% in December

Shares of Aurora Cannabis (NYSE: ACB) plunged 28.9% in December, according to data provided by S&P Global Market Intelligence, after the month began with reports that it was laying off more workers and pausing operations at one of its marijuana production facilities. Share prices across the marijuana industry were under heavy pressure as companies began scaling back operations. Aurora was…

Why Aurora Cannabis Is On Fire Today

Shares of Canadian pot giant Aurora Cannabis (NYSE: ACB) jumped by as much as 17% in pre-market trading Wednesday morning. While ballots are still being counted in the Peach State, some major news outlets are already calling the race for Democratic challenger Rev. Raphael Warnock over Republican Sen. Kelly Loeffler. Democrat Jon Ossoff also holds a slight lead over Republican…

Forget Aurora Cannabis, Curaleaf Is a Better Marijuana Stock

Aurora Cannabis might be a popular pot stock among investors, but if you look around, U.S. cannabis stocks hold much greater potential. One such company is Massachusetts-based Curaleaf Holdings (OTC: CURLF). While most of the Canadian players continued struggling in 2020, Curaleaf had a spectacular year. READ MORE: