Tag: Aurora

ACB SHAREHOLDER DEADLINE: Bernstein Liebhard Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Aurora Cannabis Inc.

NEW YORK–(BUSINESS WIRE)–Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Aurora Cannabis Inc. (“Aurora” or the “Company”) (NYSE: ACB) between February 13, 2020 and September 4, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the District of New Jersey alleges violations of the Securities Exchange Act of 1934.

If you purchased Aurora securities, and/or would like to discuss your legal rights and options please visit ACB Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (i) Aurora had significantly overpaid for previous acquisitions and experienced degradation

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DEADLINE REMINDER: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Against Aurora Cannabis, Inc. (ACB)

BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith reminds investors of the upcoming December 1, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB) securities between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”).

Investors suffering losses on their Aurora investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On September 8, 2020, the Company announced that it expected to record up to $1.8 billion in goodwill impairment charges in fourth quarter 2020. According to Aurora’s press release, these charges included “up to $90 million” in fixed asset impairment charges “due to production facility rationalization, and a charge of approximately $140 million in the carrying value

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Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Against Aurora Cannabis, Inc. (ACB)

BENSALEM, Pa.–(BUSINESS WIRE)–Oct 9, 2020–

Law Offices of Howard G. Smith reminds investors of the upcoming December 1, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB ) securities between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”).

Investors suffering losses on their Aurora investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On September 8, 2020, the Company announced that it expected to record up to $1.8 billion in goodwill impairment charges in fourth quarter 2020. According to Aurora’s press release, these charges included “up to $90 million” in fixed asset impairment charges “due to production facility rationalization, and a charge of approximately $140 million in

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The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Aurora Cannabis, Inc. (ACB) Investors – Press Release

LOS ANGELES–(Business Wire)–The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB) securities between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”). Aurora investors have until December 1, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On September 8, 2020, the Company announced that it expected to record up to $1.8 billion in goodwill impairment charges in fourth quarter 2020. According to Aurora’s press release, these charges included “up to $90 million” in fixed asset impairment charges “due to production facility rationalization, and a charge of approximately $140 million in the carrying value of certain inventory, predominantly trim, in order to align inventory on hand with near term

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Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Aurora Cannabis, Inc. (ACB) Investors

Shareholders with losses exceeding $50,000 are encouraged to contact the firm

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB) securities between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”). Aurora investors have until December 1, 2020 to file a lead plaintiff motion.

If you suffered a loss on your Aurora investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/aurora-cannabis-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com or visit our website at www.glancylaw.com to learn more about your rights.

On September 8, 2020, the

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Pomerantz Law Firm Announces the Filing of a Class Action against Aurora Cannibas, Inc. Certain Officers – ACB

NEW YORK, Oct. 2, 2020 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against certain officers of Aurora Cannibas, Inc.  (“Aurora” or the “Company”) (NYSE: ACB).   The class action, filed in United States District Court for the District of New Jersey, and docketed under 20-cv-13819, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Aurora securities between February 13, 2020, and September 4, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased Aurora securities during the class period, you have

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Aurora Cannabis Provides Business Updates and Announces New CEO

  • Appoints Miguel Martin as Chief Executive Officer
  • Expects Fiscal Q4 2020 Net Revenue Between $70 and $72 Million, Including $66 to $68 Million Cannabis Net Revenue
  • To Record Up to $1.8 Billion in Goodwill Impairment Charges in Q4 2020
  • Secures Greater Financial Flexibility with Credit Facility Amendments
  • Now Anticipates Positive Adjusted EBITDA in Fiscal Q2 2021
  • To Host Q4 and Fiscal Year 2020 Conference Call on September 22, 2020

NYSE | TSX: ACB

EDMONTON, AB, Sept. 8, 2020 /PRNewswire/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced an update on its business operations along with certain unaudited preliminary fiscal fourth quarter 2020 results. The Company also announced the appointment of Miguel Martin as its new CEO which is detailed in a separate announcement released this morning.


Aurora Cannabis Inc. Logo (CNW Group/Aurora Cannabis Inc.)

“Over the last six months, Aurora has

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Aurora mayor spars with council member over proposal to raise minimum wage to $20 an hour

AURORA, Colo. — There’s no question Colorado is an expensive place to live. So expensive, an Aurora City Council member recently proposed raising the minimum wage to $20 an hour.

But, businesses say they can’t bear the cost of such a dramatic wage increase, especially as the coronavirus pandemic has slashed demand and interest in restaurant dining and retail shopping.

When Sanjeev Kanherkar and his wife opened the Great Greek Mediterranean Grill directly across from Children’s Hospital in Aurora, they had no idea they would be shut down just one month later.

“We opened this place on February 15th of this year,” Kanherkar explained from the somewhat empty dining room of his brand new restaurant. “And to kind of add salt to the wound, our financing was also denied by the bank because of the COVID crisis.”

His first year has been anything but smooth.

“And even now, are

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Aurora Cannabis Touts ‘Business Transformation Plan,’ Confirms New CEO And Financial Update

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), which recently parted ways with co-founder Steve Dobler, named Miguel Martin as its new CEO.

Martin, who brings extensive experience in consumer packaged goods, is replacing Michael Singer, who stepped down from the role of Interim CEO — a position he has held since February. Dobler recently retired from the position of the company’s president and director.

The Edmonton, Alberta-based company also reported its preliminary unaudited results for the fourth quarter of fiscal 2020.

During the last three months of this year, net revenue is expected to amount between $70 million and $72 million versus $75.5 million in the prior quarter.

In addition, Aurora anticipates its cannabis net revenue would be between $66 million and $68 million, compared to $69.6 million in the previous three-month period.

Aurora managed to cut its SG&A costs from more than $100 million in the second quarter of

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