Aurora Cannabis is looking to unload one of the largest and most expensive greenhouses ever built to grow marijuana, but any potential buyer could be on the hook for additional expenditures to get the project across the finish line. The company hasn…
aurora cannabis
Canada’s Aurora Cannabis files $1 billion shelf prospectus
Aurora Cannabis filed a preliminary short-form base shelf prospectus to raise up to $1 billion by issuing securities over a 25-month period. The cash raise will give Aurora “maximum flexibility to pursue strategic initiatives, which may include a…
Canada extends wage subsidy popular with cannabis producers
Canada’s government is extending a pandemic-related wage subsidy program that has been tapped by over a dozen federally-regulated cannabis producers. The Canada Emergency Wage Subsidy (CEWS) program, which subsidizes wages for employers which hav…
Canadian pension fund unloads some cannabis shares, adds Aphria
A large Canadian pension manager unloaded some cannabis investments over the past couple years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission…
Aurora says its Danish cannabis has reached German pharmacies
A subsidiary of Canada’s Aurora Cannabis says its “made in Denmark” medical cannabis products have reached some Germany pharmacies for the first time – a milestone years in the making. The German distribution comes before the products…
Green Organic Dutchman weighs sale of cannabis greenhouse in Quebec
The Green Organic Dutchman is considering the sale of its mammoth cannabis greenhouse in Salaberry-de-Valleyfield, Quebec, approximately two months after the Mississauga, Ontario-based licensed producer increased its stake in the property to 100%. “Mul…
Wall Street Disruptors Fuel Cannabis Investor Flameout
Wall Street Disruptors Fuel Cannabis Investor Flameout
It seems like the cannabis industry just has not found its mojo.
The post Wall Street Disruptors Fuel Cannabis Investor Flameout appeared first on The Fresh Toast.
Aurora reports lower sales of adult-use cannabis
Aurora Cannabis sold less adult-use marijuana in its second quarter of 2021 compared to the previous quarter, but that was partially offset by growing revenue from its medical business, the Alberta-based company reported Thursday. Recreational cannabis…
Aurora Cannabis inks deal to supply Australia market
Canada’s Aurora Cannabis signed a five-year supply agreement with MedReleaf Australia, the Alberta-based company announced. The deal makes MedReleaf Australia the exclusive supplier of the Canadian producer’s MedReleaf, CanniMed and Aurora brands. The …
Aurora Cannabis raising $125 million with eye on reducing debt
Aurora Cannabis is raising $125 million via a stock-purchase deal to finance general corporate activities, which might include “opportunistically reducing debt,” the Alberta company announced. Aurora said in a news release that it entered i…