Cannabis

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

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Aurora Cannabis Inc. has announced a plan to consolidate its shares on a one-for-10 basis.

Aurora shares closed down a penny at 53 cents in trading on the Toronto Stock Exchange on Tuesday.

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.