aurora cannabis

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

Aurora Cannabis has cut over 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 paused operations “indefinitely” […]

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Funding flows to Canadian cannabis research projects

Join our Science Symposium, part of MJBizCon 2020, on Nov. 24, 2020 for more on genetics and production science. Despite the generally poor economic environment and the tight financing facing cannabis businesses, two cannabis innovation projects based in Canada have secured new funding. Hyasynth Biologicals—a six-year-old, Montreal-based biotechnology company that produces sustainable products through fermentation—announced […]

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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.

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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. […]

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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 […]

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Aurora Cannabis, billionaire Nelson Peltz ‘have concluded their relationship’

Aurora Cannabis and billionaire investor Nelson Peltz “have concluded their relationship,” a spokeswoman for the Alberta, Canada-based company confirmed to Marijuana Business Daily. Peltz’s resignation was announced in a news release Monday along with information about the company’s annual general meeting scheduled for Nov. 12. Peltz signed on as a strategic adviser in March 2019 […]

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