Aurora Cannabis shares are down nearly 20% after resuming shopping and selling. CNBC’s Seema Mody has the myth.
Aurora Cannabis acknowledged Chief Govt Terry Sales situation will retire and Govt Chairman Michael Singer change into intervening time CEO because the beleaguered marijuana producer launched C$1 billion ($752.Seventy nine million) in impairment prices on Thursday.
The corporate additionally lower about 500 jobs, including about 25% of company positions.
Aurora’s U.S.-listed stock fell 13% in after-hours shopping and selling. The shares like been halted earlier on Thursday.
Aurora expects impairment prices of as powerful as C$225 million on assets and as powerful as C$775 million on goodwill in the 2nd quarter, it acknowledged. Get income shall be between C$50 million and C$54 million, as in contrast with C$54.2 million a year previously.
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