Aurora Cannabis shares down after resuming trading

Aurora Cannabis shares are down almost 20% after resuming trading. CNBC’s Seema Mody has the story.

Aurora Cannabis said Chief Executive Terry Booth will retire and Executive Chairman Michael Singer become interim CEO as the beleaguered marijuana producer announced C$1 billion ($752.79 million) in impairment charges on Thursday.

The company also cut about 500 jobs, including about 25% of corporate positions.

Aurora’s U.S.-listed stock fell 13% in after-hours trading. The shares were halted earlier on Thursday.

Aurora expects impairment charges of as much as C$225 million on assets and as much as C$775 million on goodwill in the second quarter, it said. Net revenue will be between C$50 million and C$54 million, compared with C$54.2 million a year ago.

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17 Comments

  1. @hp090407 on December 27, 2023 at 8:23 pm

    She’s fine af tho



  2. @user-fc1ce2zn7r on December 27, 2023 at 8:38 pm

    I wanna impregnate this girl



  3. @sunnycheba on December 27, 2023 at 8:47 pm

    I called a woman beautiful after my crushing 49ers loss. She said calling a woman beautiful is cliche.



  4. @sunnycheba on December 27, 2023 at 8:48 pm

    Her face looks nice from the side. Her profile.



  5. @butcheyler23 on December 27, 2023 at 8:48 pm

    Funny how it goes down when something good for the long run like this happens



  6. @ThomasSlayer on December 27, 2023 at 8:51 pm

    So the nice lady looking at her best for us television viewers and the brains in the direction room had the nerve to put a huge banner with the same info she is already telling the viewers across her top. Leaving us viewers in the abyss missing out on 30% gorgeousness especially made for our viewing pleasure. I say sack the director. And to comment on her ACB story, Aurora will rise to heights never seen before in cannabis history.



  7. @lorenzmuller3542 on December 27, 2023 at 8:51 pm

    Good news. This is a LONG term hold. You need to be patient. It’s inevitable that markets will open up. Younger generations want cannabis.



  8. @KenTheMan407 on December 27, 2023 at 8:56 pm

    She is hot, btw this might be time to invest, when the weed market is at a low



  9. @metalblades4 on December 27, 2023 at 8:57 pm

    Damn just when i thought my stock was going to start to go up



  10. @kashnigahbaruda on December 27, 2023 at 9:03 pm

    She is not hot what are you talking about?



  11. @lorenzotaylor5886 on December 27, 2023 at 9:03 pm

    Ok I’m will tune in every day with her. Sign me up



  12. @HeijiFlying on December 27, 2023 at 9:06 pm

    50% of comments are about the lady πŸ˜‚



  13. @sunnycheba on December 27, 2023 at 9:08 pm

    Topo chico lime. I always go back. My first love.



  14. @oppuncake7076 on December 27, 2023 at 9:13 pm

    Time to put puts in Monday morning baby and hope for the feds to fall down on their revenues



  15. @sunnycheba on December 27, 2023 at 9:15 pm

    What is VIGI earning’s growth rate vs VIG? Same question but VNQI vs VNQ?



  16. @TheM0joDoj0 on December 27, 2023 at 9:19 pm

    It’s going to take a lot of time for people to shake off the pothead image. But I think the first major use will be as a sleep aid. The anti-coffee. It’s proven to work. It doesn’t have any of the side effects of Ambien or Xanax, and you can’t OD on Cannabis so you can just try the drink/food right off the shelf without having to see a doctor.



  17. @kornpop4887 on December 27, 2023 at 9:19 pm

    How long can the police keep propping up legal canabis sales with their daily busts of people who have tons of home grown product?