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Aurora Cannabis dipping into capital market after stock rally is ‘shrewd,’ analyst says

Topics ranging from the role of small producers to global opportunities for Canadian companies, among others, were discussed at MJBizCon’s Passholder Days on Nov. 11. It’s all available to you on demand. Underwriters for Aurora Cannabis’ previous…

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Al Harrington: Marijuana’s Path To Legalization Is Plagued By ‘One Major Issue’

Al Harrington: Marijuana’s Path To Legalization Is Plagued By ‘One Major Issue’
Many cannabis pros, including NBA star and cannabis entrepreneur Al Harrington. rejoiced last Tuesday after marijuana legalization initiatives passed in f…

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Funding flows to Canadian cannabis research projects

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 tha…

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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 transitio…

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How Canadian cannabis firms lost millions on bad greenhouse deals

When Aurora Cannabis acquired greenhouse design firm Larssen in late 2017, it was a shot across the bow of rival Canadian marijuana producers. In short, the Alberta-based producer was signaling to the industry it intended to win the “funded capacity” r…

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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 documen…

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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 still sees promise in the Australian market. “We continue to see growth potential in this important market and will mai…

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Aurora Cannabis lists some Uruguay assets for sale as regional CEO departs

Aurora Cannabis has confirmed that some of its assets in Uruguay are for sale, and the CEO leading its subsidiary in the South American country is no longer with the company. Alejandro Antalich, the former chief executive of ICC Labs, departed the firm…

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Aurora Cannabis execs saw raises, bonuses despite multibillion-dollar loss

Top Aurora Cannabis executives were rewarded with millions of dollars in bonuses and raises for the fiscal year ended June 30, the company disclosed, despite mass layoffs and a loss exceeding 3 billion Canadian dollars ($2.3 billion). The Alberta-based…