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CannabisNewsBreaks – TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) Announces Changes to Executive Leadership Team

Global cannabis company TerrAscend (CSE: TER) (OTCQX: TRSSF) this morning announced that it has made modifications to its leadership team in coordination with the company’s focus on its rapidly scaling U.S. retail, manufacturing, and distribution operations. Michael Nashat has stepped down as CEO but will continue to serve as a member of the Board of Directors and act as a…

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: https://finance.yahoo.com/m/9d25c618-8d54-345d-bf7e-9e1c0f7cddba/here%27s-why-aurora-cannabis.html?.tsrc=rss

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…

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…

Juva Life Obtains California Cultivation License For Stockton Facility

Milestone Event to Spur Revenues and Product Development Pathway for Unmet Medical Needs VANCOUVER, British Columbia, Jan. 19, 2021 (GLOBE NEWSWIRE) — Juva Life Inc. (CSE: JUVA) (OTCQB: JUVAF) (FRANKFURT: 4VV) (“Juva Life,” “Juva” or the “Company”), a premier California based multi-faceted life sciences company focused on the commercialization of Cannabis products and advanced formulations is extremely pleased to announce receipt of…

Aphria Stock, Marijuana Stocks Rally On Sales Beat, But Analyst Cites These Concerns

Aphria stock and other marijuana stocks jumped on Thursday, after the Canadian cannabis producer reported fiscal second-quarter revenue that beat expectations. The pot grower reported the results after it agreed to merge with rival Tilray — potentially creating a global weed-industry giant — and as more focus shifts to the U.S. and its legalization prospects. Aphria reported net sales of…