ACB - Canadian Cannabis Giant Takes Strategic Steps To Reduce Debt & Boost Financial Stability | Benzinga
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) has received approval to transfer the listing of its common shares from the Nasdaq Global Select Market to the Nasdaq Capital Market. The transfer became effective at the business opening on Tuesday, Sept. 19 and is expected to allow the company to seek an additional 180 days to regain compliance with the Nasdaq Listing Rule 5450(a)(1).
The shares continue to trade in the United States under the symbol "ACB," and the trading of the shares will not be affected by the transfer.
In connection with the transfer, Aurora has applied for, and expects to receive, an additional 180 calendar day period in which to regain compliance with the Minimum Bid Price Requirement.
Aurora To Repurchase Additional Shares
The Canadian cannabis giant simultaneously announced that it has agreed to repurchase an aggregate of roughly CA$13 million ($9.6 million) principal amount of its convertible senior notes at a total cost, ...