Tag: Top Cannabis Stocks

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…

Bluma Wellness Inc. Provides End-of-Month Operations Update and Financial Highlights for December 2020

TORONTO–(BUSINESS WIRE)–Bluma Wellness Inc. (the “Company” or “Bluma Wellness”) (CSE: BWEL.U) is pleased to provide its patients and investors with an end-of-month sales and operations report for the month ended December 31, 2020. The financial highlights disclosed in this press release are management prepared and have not been audited or reviewed by the Company’s auditors. Unless otherwise indicated, all amounts…

Marijuana Strategic Ventures Appoints Arman Tabatabaei to the Board of Directors

BONSALL, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) — SecurCapital Holdings Corp. (OTC: CQER) (“CQER” or the “Company”) today announces the appointment of Arman Tabatabaei to its board of directors as an independent board member. READ MORE: http://www.globenewswire.com/news-release/2021/01/21/2162122/0/en/Marijuana-Strategic-Ventures-Appoints-Arman-Tabatabaei-to-the-Board-of-Directors.html

BevCanna's Pure Therapy Reports Record Monthly Revenue

VANCOUVER, British Columbia–(BUSINESS WIRE)– #beverage–Emerging leader in health and wellness beverages and products, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“BevCanna” or the “Company”) is pleased to announce that its wholly owned direct to consumer e-commerce company, Pure Therapy, has achieved record sales since its acquisition by BevCanna in September 2020. The direct-to-consumer e-commerce platform has continued its strong 2020 revenue…