Aurora Shares Sink on Weak Outcomes and Halting Building of Cannabis Plants

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Aurora Cannabis Inc. shares sank to a two-year low Friday soon after its revenues missed expectations and the pot producer announced it was halting building at a single production facility and pausing perform at one more to save additional than $190 million in planned expenditures.

The Edmonton-primarily based company’s shares fell to a low of $three.59 and have been down 51 cents or 11.six per cent at $three.87 in afternoon trading on the Toronto Stock Exchange.

Aurora announced soon after markets closed on Thursday that it will right away cease building of its Aurora Nordic two facility in Denmark to save about $80 million more than the subsequent year, as nicely as indefinitely defer completion of building and commissioning at its Aurora Sun facility in Alberta to conserve $110 million.

– Study the whole report at International News.



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