Aurora stock is down 3.95% this morning after Aurora Cannabis (TSX:ACB) (NYSE:ACB) announced it has increased its credit facility.
Difficult Week for Aurora StockAurora will see its current credit facility rise from $200 million CAD to $360 million CAD after it secured commitments syndicate of lenders led by the Bank of Montreal (NYSE:BMO). The announcement did little to help Aurora stock, though, which has had a difficult week after being handed a neutral rating by investment bank Piper Jaffray.
Glen Ibbott, Aurora CFO, said that today’s announcement is further recognition that the company’s ...
Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.