Getty Images Shares of cannabis companies tumbled Wednesday, as investor disappointment that a Democratic sweep failed to materialize offset a boost from referendum wins in a number states. The ETFMG Alternative Harvest exchange-traded fund MJ, -2.91% dropped 2.6% in morning trading, while the Cannabis ETF THCX, -2.41% slid 3.3%. Among …
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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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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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