Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you, first.

Aurora Cannabis to consolidate shares on a one-for-10 basis

Aurora Cannabis to consolidate shares on a one-for-10 basis | iNFOnews.ca
Aurora Cannabis Inc. has announced a plan to consolidate its shares on a one-for-10 basis.Cannabis seedlings are seen at an Aurora Cannabis facility Friday, November 24, 2017 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
Original Publication Date: January 31, 2024 6:01AM
Publication Updated: April 12, 2025 10:33AM

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 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.

This report by The Canadian Press was first published Jan. 31, 2024.

Companies in this story: (TSX:ACB)

Howard Alexander

Assistant Editor Howard Alexander comes to iNFOnews.ca from the broadcasting side of the media business.

Howard has been a reporter, news anchor, talk show host and news director, first in Saskatchewan and then the Okanagan.

He moved his family to Vernon in the 90s and is proud to call the Okanagan home.

If you have an event to share contact Howard at 250-309-5343or email halexander@infonews.ca.

Related Articles