Aurora Cannabis

Canada-based Aurora Cannabis Inc. announced it will be laying off 12% of its workforce in order to realign its organization with the future of the cannabis industry.

Aurora Cannabis Inc. and partner Ethypharm have successfully delivered a shipment of dried cannabis flower for France’s two-year pilot program, which will serve 3,000 patients.

The hacker behind a Christmas Day intrusion into the Microsoft Cloud software of Aurora Cannabis appears to be trying to sell the company’s data on an online marketplace.

Aurora Cannabis has announced it will cut production at its Aurora Sky facility to just 25 percent of its previous capacity. The move will also lay off 214 workers.

Canada’s Aurora Cannabis reported a slight increase in 2021 Q1 revenue over the fourth quarter of last year.

Aurora Cannabis is facing a class-action lawsuit that alleges the company made “false and misleading statements” about its business, operational, and compliance policies.

Despite mass layoffs and losses exceeding $3 billion for the 2020 fiscal year, Aurora Cannabis executives received a 58 percent boost to their compensation awards — which totaled $9.8 million — and cash bonuses amounting to $700,000.

Cannabis companies are paying insurance rates that are up to seven times higher than other industries with many citing a rise in U.S. lawsuits against publicly traded cannabis firms.

Aurora Cannabis announced it will acquire U.S. hemp CBD company Reliva in a $40 million all-stock deal.

Aurora Cannabis has reported a net loss of about $980 million in the second fiscal quarter of 2020. Shares in the company were on the rise this week, regardless.

Aurora Cannabis co-founder and CEO Terry Booth announced his retirement yesterday; meanwhile, the company announced it was implementing a new “business transformation plan” amid rumors of impending layoffs.

Aurora Cannabis has listed its Exeter, Ontario-based greenhouse for sale at an asking price of C$17 million, a potential sign of financial stress for the Canadian firm.

Aurora Cannabis has announced a new brand — Aurora Hemp — after acquiring industrial hemp company Hempco Food and Fiber Inc.

Details have emerged about the CBD trials partnership between the Ultimate Fighting Championship and Canada’s Aurora Cannabis; the trials will investigate CBD’s effectiveness in wound care, recovery, pain treatment, and more.

Aurora Cannabis Inc. has secured an exclusive license to provide Italian pharmacies with medical cannabis products.