Aurora latest cannabis company to ice Latin American ambitions

When CLN last checked in with Aurora Cannabis, the company had just parted ways with CEO Terry Booth and laid off 500 people in an attempt to cut costs and keep the cashflow-negative mega grower on top of more than $600 million worth of debt. Since then, the company has released their financial statements for […]

Read More

Cash keeps Canopy on top in Q3

Canopy Growth‘s Valentine’s Day report of Q3 earnings that weren’t a complete disaster made the world’s largest marijuana company look positively competent next to its peers. Canopy was able to show revenue growth in a period that sent rival mega-grower Aurora Cannabis (TSX:ACB)(NYSE:ACB) and self-proclaimed better-grower Supreme Cannabis (TSX:FIRE) into their own respective tailspins. Canopy’s […]

Read More

Aurora reports Q2 loss

Aurora Cannabis Inc.’s second quarter earnings were weighed down by a drop in cannabis production and the costs associated with ramping up efforts to roll out cannabis edibles and vapes. Losses following layoffs, writedown and CEO departure The Edmonton-based company revealed Thursday that it incurred a loss in its second quarter and that its net revenue for […]

Read More

The Supreme Cannabis Company cuts about 15% of its workforce, adopts new structure

TORONTO — The Supreme Cannabis Company Inc. says it has cut about 15 per cent of its workforce. The Toronto-based Supreme cannabis says it slashed about one-third of its corporate positions and 13 per cent of operational ones. The move comes as the company adopts a new structure aimed to accelerate revenue growth in Canada. Supreme’s […]

Read More

Aurora Cannabis Announces CEO Retirement and Business Transformation Plan

·         Aurora Cannabis Founder & CEO, Terry Booth, announces retirement and succession plan and expansion of the Board of Directors  ·         Executive Chairman Michael Singer has been appointed Interim CEO, effective immediately; search for permanent successor underway ·         Two new Independent Directors to join the Board for a total of 10 directors, including 7 Independents  ·         Announces comprehensive transformation […]

Read More

Aurora Cannabis Appoints Two New Independent Directors

Friedmann and Detlefsen Bring Significant Experience in Consumer Products and Marketing NYSE | TSX : ACB EDMONTON, Feb. 6, 2020 /CNW/ –Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, today appointed two new independent directors, Lance Friedmann and Michael Detlefsen (together with the […]

Read More
WP Twitter Auto Publish Powered By : XYZScripts.com