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…
aurora cannabis
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…
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…
3 Reasons Marijuana Stocks Are Soaring
3 Reasons Marijuana Stocks Are Soaring
Cannabis stocks have been red-hot following Tuesday’s election.
The post 3 Reasons Marijuana Stocks Are Soaring appeared first on The Fresh Toast.
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…
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…
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…
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…
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…
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…