EDMONTON – Aurora Cannabis Inc. has announced a plan to consolidate its shares on a one-for-10 basis.<\/p>\n
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.<\/p>\n
The plan, which is subject to regulatory and stock exchange approvals, is expected to be effective on or about Feb. 20.<\/p>\n
Aurora shares closed down a penny at 53 cents in trading on the Toronto Stock Exchange on Tuesday.<\/p>\n
The decision comes after the company consolidated its shares on a one-for-12 basis in 2020.<\/p>\n
Aurora currently has 475,903,822 common shares outstanding.<\/p>\n
This report by The Canadian Press was first published Jan. 31, 2024.<\/span><\/em><\/p>\n Companies in this story: (TSX:ACB)<\/span><\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" EDMONTON – 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 […]<\/p>\n","protected":false},"author":362,"featured_media":716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2024-01-31T06:01:23","updated":"2024-01-31T22:00:00","_infotelid":"IT102962","_prepressid":"102962","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[379,2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured3","category-in420","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/in420\/news\/717\/aurora-cannabis-to-consolidate-shares-on-a-one-for-10-basis-2\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Aurora Cannabis to consolidate shares on a one-for-10 basis","url":"http:\/\/infonews.ca\/in420\/news\/717\/aurora-cannabis-to-consolidate-shares-on-a-one-for-10-basis-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/in420\/news\/717\/aurora-cannabis-to-consolidate-shares-on-a-one-for-10-basis-2\/"},"thumbnailUrl":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID102962-8379.jpg?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID102962-8379.jpg"},"articleSection":"featured3","author":[{"@type":"Person","name":"Howard Alexander"}],"creator":["Howard Alexander"],"publisher":{"@type":"Organization","name":"iN420","logo":""},"keywords":[],"dateCreated":"2024-01-31T14:01:23Z","datePublished":"2024-01-31T14:01:23Z","dateModified":"2024-02-01T06:00:00Z"},"rendered":"