Search: Aurora

Aurora Cannabis upgraded to overweight on prospects for European business

Aurora Cannabis rallied 6% in premarket trades on Friday after Cantor Fitzgerald analyst Pablo Zuanic upgraded the Canadian cannabis company to overweight from neutral and raised his 12-month price target on the stock to C$4.05 ($3.12) from C$3.90. Zuanic said Aurora Cannabis could benefit from growth in the legal cannabis market in Europe, as one of only two North American…

Cantor Fitzgerald upgrades Aurora Cannabis to overweight on prospects for European business

Aurora Cannabis rallied 6% in premarket trades on Friday after Cantor Fitzgerald analyst Pablo Zuanic upgraded the Canadian cannabis company to overweight from neutral and raised his 12-month price target on the stock to C$4.05 ($3.12) from C$3.90. Zuanic said Aurora Cannabis could benefit from growth in the legal cannabis market in Europe, as one of only two North American…

Why Aurora Cannabis Crumbled Today

Shares of Aurora Cannabis (NASDAQ: ACB) crumbled by more than 11.7% on Monday as of noon ET amid a widespread decline in markets stemming from inflation concerns and the associated actions to control it as implemented by the Federal Reserve. Growth stocks are being hit particularly hard by the downturn, and to add insult to injury, cannabis stocks haven’t been…

Why Aurora Cannabis Was a Hot Stock Today

Shares of Aurora Cannabis (NASDAQ: ACB) wafted nicely higher on the second day of the trading week. Interestingly, the latest analysis from Stifel is based largely on one habit of marijuana companies considered by many investors to be negative: a secondary share issue. Analyst W. Andrew Carter cited Aurora’s latest financing effort, in which it raised gross proceeds of $173…

Aurora Cannabis Reduces Debt with $20 Million Convertible Note Repurchase

Aurora Further Strengthens Balance Sheet with Accretive Debt Reduction EDMONTON, AB, June 3, 2022 /CNW/ – Aurora Cannabis Inc. (“Aurora” or the “Company”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced that it has repurchased an aggregate of approximately $25.3 million (US$20 million) principal amount of its convertible senior notes […] READ MORE: https://www.newcannabisventures.com/aurora-cannabis-reduces-debt-with-20-million-convertible-note-repurchase/

Aurora Cannabis Repurchases US$20 Million of Convertible Notes

Aurora Cannabis Inc. (“Aurora” or the “Company”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced that it has repurchased an aggregate of approximately $25.3 million (US$20 million) principal amount of its convertible senior notes (“Notes”) at a total cost, including accrued interest, of $24.3 million (US$19.2 million) in cash. READ MORE: https://finance.yahoo.com/news/aurora-cannabis-repurchases-us-20-110000980.html?.tsrc=rss

Why Aurora Cannabis Stock Couldn’t Catch Fire Today

In the habitually money-losing marijuana industry, new stock issues are a way of life for companies constantly hungry for fresh capital. Case in point: On Tuesday, Aurora Cannabis (NASDAQ: ACB) declined 5%-plus after it announced the closing of its latest issue. Aurora said that morning that it has raised gross proceeds of roughly $172.5 million from the issue, which technically isn’t…