Aurora posts positive adjusted EBITDA on marijuana sales growth

Edmonton, Alberta-based Aurora Cannabis posted positive adjusted earnings before EBITDA worth 1.4 million Canadian dollars ($1 million) in its second fiscal quarter of the year, the company announced late Thursday.

Aurora Cannabis sells closed Polaris facility for proceeds of CA$15 million

Canadian marijuana producer Aurora Cannabis sold off its former Aurora Polaris facility to an unspecified buyer for gross proceeds of 15 million Canadian dollars ($11.1 million).

Aurora Cannabis repurchases CA$103 million worth of debt

Canadian marijuana company Aurora Cannabis is continuing its debt-reduction quest, repurchasing roughly 103 million Canadian dollars ($76.1 million) worth of convertible notes.

Aurora Cannabis reports CA$51.9 million loss in first quarter

Canadian producer Aurora Cannabis reported a net loss of 51.9 million Canadian dollars ($39.1 million) for the first quarter of its 2023 fiscal year.

Aurora Cannabis repurchases $23 million worth of debt

Canadian marijuana company Aurora Cannabis reduced its debt load by repurchasing roughly 31.3 million Canadian dollars ($23 million) worth of its convertible senior notes.

Aurora Cannabis increasingly looks to Europe, eyes first profit in early 2023 

Aurora Cannabis reported another significant quarterly and annual loss, but the Alberta-based marijuana producer said it’s on track to report a profit next year on the back of strong growth in the European medical market.

Aurora Cannabis dropped from Toronto stock index

Edmonton, Alberta-based Aurora Cannabis has been deleted from the S&P/TSX Composite Index, according to the latest quarterly review announced by S&P Dow Jones Indices.

Aurora Cannabis buys profitable vegetable firm for CA$45M, sells Sky greenhouse

Aurora Cannabis is diversifying into the vegetable propagation and ornamental flowers business amid a massive marijuana glut in Canada by acquiring a controlling interest in Bevo Agtech, one of the largest suppliers of flowers and vegetable seedlings in North America.

Aurora Cannabis cutting 12% of workforce in ‘reorganization’

Aurora Cannabis is cutting 12% of its global workforce as part of a corporate restructuring, the Edmonton, Alberta-based company confirmed in an email to MJBizDaily.

Aurora Cannabis buys back $20 million worth of convertible debt

Aurora Cannabis has bought back roughly $20 million worth of convertible senior notes to reduce debt and “annual cash interest costs.”

Lessons from Aurora Cannabis’ bought deal financing

Aurora Cannabis has arranged new financing via a “bought deal.”

What is that, and is it important to all cannabis entrepreneurs or just the large operators?

Let’s take the deal apart to find out.

Aurora Cannabis closes bought deal financing, yielding $172.5 million

Canadian marijuana producer Aurora Cannabis said it received gross proceeds of $172.5 million from a bought deal offering after the underwriters’ over-allotment option was fully exercised.