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Aurora Cannabis shares sink on weak results; construction halted at 2 plants in southern Alberta  

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(@dryken)
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Aurora Cannabis Inc. shares sank to a two-year low Friday after its revenues missed expectations and the pot producer announced it was halting construction of two production facilities to save over $190 million in planned expenses.

The Edmonton-based company’s shares fell to a low of $3.59 and were down 51 cents or 11.6 per cent at $3.87 in afternoon trading on the Toronto Stock Exchange.

Aurora announced after markets closed on Thursday that it will immediately cease construction of its Aurora Nordic 2 facility in Denmark to save about $80 million over the next year.

It is also indefinitely deferring completion of construction and commissioning at its 1.6-million square foot Aurora Sun facility in Medicine Hat, Alta. to conserve $110 million.....

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Aurora shares sink on weak results and halting construction of cannabis plants

🌱Cannabis Live Grow : https://www.twitch.tv/thebudlabca

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Posted : 15/11/2019 2:32 pm