The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. aimed at preventing the cannabis company from being delisted from the New York Stock Exchange (NYSE). EUR/USD renews two-month lows below 1.1650, as disappointing German IFO Survey adds to the growth concerns. Shares of Aurora Cannabis - Get Report slumped on Monday after the embattled Canadian marijuana producer said it has approved plans for a 1-for-12 reverse stock split… Aurora has indicated that it plans to offer another $350 million in new shares in small ATM offerings. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. The change was necessary to maintain the company's listing on the New York Stock … On Monday, Aurora enacted a reverse stock split to comply with the New York Stock Exchange’s regulations. Information on these pages contains forward-looking statements that involve risks and uncertainties. © 2020 TheStreet, Inc. All rights reserved. The high degree of leverage can work against you as well as for you. For its fiscal third quarter, Aurora said it it expects to show "modest growth" in net revenue from the second quarter. A 12-for-1 reverse stock split by Canada-based pot grower Aurora Cannabis became effective Monday. Following a 12-for-1 reverse stock split, that stock will begin trading Monday morning at $8.06.
Aurora also listed its grow facility in Exeter, Ontario, for sale at C$19 million (since reduced to C$17 million). FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The move comes as Aurora and other marijuana producers and distributors grapple not only with oversupply but also falling demand for cannabis-infused products amid the coronavirus pandemic, which has also taken its toll on the pot industry. ACB made effective the 12:1 reverse split and trades around 7.70. However, Sept. 18 high remains a level to beat for the bulls.
It is worth recalling that the Canadian company was already shedding around 70% so far this year (before the shares consolidation kicked in on Monday). You should do your own thorough research before making any investment decisions. Note: All information on this page is subject to change. At the moment, ACB is gaining 1043.54% at 7.68 and a surpass of 09.14 (monthly high May 2019) would expose 9.37 (55monthly high Apr. Eyes on US Jobless Claims, Powell's testimony. Following these changes, C$50 million remains in the company’s revolver, as well as C$507 in senior secured term loans and senior unsecured convertible debt.
All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Multiple daily strategies running 24/7 and FX expert guidance. WTI fades the drop to sub-$39.30 levels for the third consecutive day.
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