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 (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…
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
Aurora Cannabis (NYSE: ACB) announced yesterday that it has raised $125 million by issuing 12 million units priced at $10.45 each through a financing strategy called a “bought deal.” The units are one share of the marijuana grower’s stock and one half of a share’s purchase warrant that can be exercised anytime over the next three years to acquire a…
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…
These are the marijuana stocks on the NASDAQ with the best value, fastest growth, and the most momentum for February. READ MORE: https://finance.yahoo.com/m/54e227e2-7b17-3bfc-8b3c-bbaafe9c1030/top-marijuana-stocks-on-the.html?.tsrc=rss
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 buy on bought deal basis 12,000,000 units of the Company (the “Units”), at a…
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…
OTTAWA, ON, Jan. 20, 2021 /CNW/ – Canada Mortgage and Housing Corporation (CMHC) will release its 2020 stress testing results on Thursday, January 21st at 11:00 am Eastern. READ MORE: https://finance.yahoo.com/news/photo-video-opportunity-manulife-displays-120000959.html?.tsrc=rss
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…
Yahoo Finance’s Alexis Christoforous and Chris Versace, Tematica Research CIO, discuss sectors to watch amid a Biden administration. READ MORE: https://finance.yahoo.com/video/sectors-watch-biden-heads-white-213003414.html?.tsrc=rss
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…