Search Results

Keywords: aurora

More layoffs at Aurora Cannabis following Great North deal

Aurora Cannabis laid off sales staff after choosing Great North Distributors to be its sales representative across the Canadian recreational marijuana retail environment. Aurora was unable to share the specific number of employees who will be displaced as a result of the deal. “We have informed the internal sales team of our agreement with Great […]

Read More

Aurora Cannabis breach exposes personal data of former, current workers

A data breach at Aurora Cannabis has exposed the personal information of an unknown number of the Canadian company’s current and former employees, Marijuana Business Daily has learned. An email sent to a victim of the data breach cites a Dec. 25 “cybersecurity incident during which unauthorized parties accessed data in (Microsoft cloud software) SharePoint […]

Read More

Aurora lays off 200, idles most of flagship Sky marijuana facility

Aurora Cannabis has cut a little more than 200 positions as it reduces production at its flagship marijuana greenhouse in Edmonton, Alberta, to just a quarter of its capacity, Marijuana Business Daily has learned. Separately, the company’s chief science officer, Jonathan Page, is also leaving. The fresh round of layoffs comes weeks after the company […]

Read More

Aurora Cannabis shuts CA$250 million greenhouse ‘indefinitely’

Aurora Cannabis says it’s pausing operations at its Sun greenhouse in Medicine Hat, Alberta, “indefinitely.” The closure represents the latest casualty after the industry significantly overshot the production capacity needed to meet demand in Canada’s expanding adult-use marijuana market. Those greenhouse deals ultimately led to direct real estate losses for Canadian producers worth millions of dollars and write-downs […]

Read More

Aurora Cannabis reports quarterly loss amid restructuring push

Major Canadian marijuana producer Aurora Cannabis reported a slight quarterly revenue increase during its first fiscal quarter, despite an adjusted EBITDA loss of 57.9 million Canadian dollars ($44.7 million) as the company worked through its transition plan.

Read More

Aurora Cannabis looks to shore up finances with $500 million shelf offering

Aurora Cannabis, suffering from red ink, filed a preliminary short-form base shelf prospectus that will allow the licensed producer to raise up to $500 million over a 25-month period when finalized. The Edmonton, Alberta-based company filed the documentation with Canadian securities agencies and the U.S. Securities and Exchange Commission, according to a company news release. […]

Read More

Aurora Cannabis exits Australia’s Cann Group after $28M impairment charge

Alberta-based Aurora Cannabis sold off its stake in Australian medical marijuana company Cann Group, but the Canadian producer says it still sees promise in the Australian market. “We continue to see growth potential in this important market and will maintain active relationships with key distribution partners to enhance availability of Aurora’s portfolio of leading, high […]

Read More