Aurora Cannabis Archives | Alberta Farmer Express

Aurora Cannabis to shut five Canadian grows

Closures mean layoffs for 30 per cent of firm's production staff

Edmonton marijuana producer Aurora Cannabis is poised to close five of its grow sites across Canada and lay off almost a third of its production workforce. The company on Tuesday announced next steps in the “business transformation plan” it launched in February to “better align the business financially with the current realities of the cannabis […] Read more

Crops, Markets, Reuters

More pain in store for Canadian marijuana companies

Aurora Cannabis, Tilray cut jobs

By Nichola Saminather February 8, 2020

Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana […] Read more

Crops, Markets, Reuters

Short-sellers circle cannabis stocks as profits dwindle

By David Randall October 2, 2019

New York | Reuters — Wall Street’s love of cannabis appears to be going up in smoke as vaping-related ailments and missed revenue projections are prompting short sellers to raise their bets against the industry, fund managers and analysts said on Wednesday. Short interest in cannabis stocks, which reflects bets that prices will fall, has […] Read more

Crops, Markets, Reuters

Aurora Cannabis plans U.S. stock listing in October

By Reuters September 20, 2018

Reuters — Canada’s Aurora Cannabis said Thursday it plans a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis in the country next month. Several U.S. states have also legalized marijuana […] Read more

Crops, Reuters

Aurora to buy Ontario’s MedReleaf in biggest-ever pot deal

By John Benny, Nichola Saminather May 14, 2018

Reuters — Aurora Cannabis will buy rival MedReleaf Corp. for $3.2 billion in the biggest deal yet to unify major Canadian pot growers, as the country moves toward legalizing marijuana for recreational use. The deal announced Monday is the latest in a wave of mergers in the industry as marijuana producers — emboldened by pot […] Read more

Crops, Reuters

Cannabis firm Aurora in talks to buy both CanniMed, Newstrike

By John Tilak, Nichola Saminather January 19, 2018

Toronto | Reuters — Canadian marijuana producer Aurora Cannabis is in talks with rivals CanniMed Therapeutics and Newstrike Resources to buy both businesses in a friendly deal that would create the nation’s top weed company, people familiar with the matter told Reuters on Friday. The deal signals an easing of tensions following an offer in […] Read more

Crops, Reuters

CanniMed asks regulators to step in on hostile bid

By Reuters December 11, 2017

Reuters — Medical marijuana company CanniMed Therapeutics has asked federal regulators to intervene as it seeks to prevent a hostile takeover by bigger rival Aurora Cannabis Inc. Saskatoon-based CanniMed said Monday it asked the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission to declare that Aurora’s move to take its buyout […] Read more

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Tag Archives Aurora Cannabis

Aurora Cannabis to shut five Canadian grows

More pain in store for Canadian marijuana companies

Short-sellers circle cannabis stocks as profits dwindle

Aurora Cannabis plans U.S. stock listing in October

Aurora to buy Ontario’s MedReleaf in biggest-ever pot deal

Cannabis firm Aurora in talks to buy both CanniMed, Newstrike

CanniMed asks regulators to step in on hostile bid

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