Aurora Cannabis plans to consolidate its shares on a 1-for-10 basis, awaiting necessary approvals, aiming to restore Nasdaq listing compliance and maintain access to investors.

Edmonton-based cannabis company Aurora Cannabis has announced plans to consolidate its shares on a one-for-10 basis. The company believes this move will restore compliance with Nasdaq listing rules and ensure continued access to a wide range of institutional investors. Regulatory and stock exchange approvals are required for the plan, which is expected to be effective on or about February 20th. Aurora Cannabis shares closed down a penny at 53 cents in trading on the Toronto Stock Exchange on Tuesday. This decision comes after the company consolidated its shares on a one-for-12 basis in 2020, and Aurora currently has 475,903,822 common shares outstanding.

January 31, 2024
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