Aurora Cannabis Inc. has announced a plan to consolidate its shares on a one-for-10 basis. The company says it expects the move will restore compliance with Nasdaq listing rules and ensure the company continues to have access to a wide range of institutional investors. The plan, which is subject to regulatory and stock exchange approvals, is expected to be effective on or about Feb. 20. Aurora shares closed down a penny at 53 cents in trading on the Toronto Stock Exchange on Tuesday. The decision comes after the company consolidated its shares on a one-for-12 basis in 2020. Aurora currently has 475,903,822 common shares outstanding.
Aurora is opening the world to cannabis, serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis, dedicated to helping people improve their lives. The Company’s adult-use brand portfolio includes Aurora Drift, San Rafael ’71, Daily Special, Tasty’s, Being and Greybeard. Medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol and CraftPlant. Aurora also has a controlling interest in Bevo Farms Ltd., North America’s leading supplier of propagated agricultural plants. Driven by science and innovation, and with a focus on high-quality cannabis products, Aurora’s brands continue to break through as industry leaders in the medical, performance, wellness and adult recreational markets wherever they are launched. Learn more at www.auroramj.com and follow us on X and LinkedIn