Aurora Cannabis shares are trading lower after the company announced it entered into a C$33,762,500 agreement pursuant to which Canaccord Genuity will buy 46,250,000 common shares at C$0.73 per offered security.
Portfolio Pulse from Benzinga Newsdesk
Aurora Cannabis has entered into an agreement with Canaccord Genuity, where Canaccord will purchase 46,250,000 common shares of Aurora at C$0.73 per share. This has led to a decrease in Aurora's share price.
September 28, 2023 | 5:04 pm
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Aurora Cannabis' shares are trading lower after the company announced a deal with Canaccord Genuity for the sale of 46,250,000 shares at C$0.73 each.
The sale of a large number of shares often leads to a decrease in the share price due to the increased supply. This is reflected in the drop in Aurora Cannabis' share price following the announcement of the deal with Canaccord Genuity.
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