Aurora Cannabis to consolidate shares on a one-for-10 basis
![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.](https://infotel.ca/news/medialibrary/image/hd-mediaitemid102962-8379.jpg?q=90)
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)
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