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Cannabis Watch: Aurora Cannabis stock slides nearly 12% on news of up to $1.4 billion goodwill impairment charge

Aurora Cannabis Inc.’s stock tumbled nearly 12% Tuesday, after the Canadian company said it’s recording up to C$ 1.8 billion ($ 1.4 billion) of goodwill impairment charges on some of its past acquisitions. Aurora ACB, +3.05% ACB, +3.22% had the most accumulated non-cash value on its balance sheet of the …

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Cannabis Watch: Aurora Cannabis stock is falling as CEO steps down, ‘sweeping’ cost-cutting plan announced

Aurora Cannabis Inc. late Thursday said that Chief Executive Terry Booth is retiring amid “sweeping changes” for the Canadian licensed producer, the latest pot company to cut costs amid a cash crunch in the sector. Aurora outlined a “business transformation plan” in a lengthy statement that detailed job cuts and …

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