Aurora Cannabis Inc. (the 'Company' or 'Aurora') (NASDAQ: ACB) (TSX: ACB), the Canadian based leading global medical cannabis company, has been making headlines in the stock market recently. Cannabis stocks have rallied significantly amid legalization in Germany and renewed hopes of rescheduling in the U.S. with Aurora climbing to the top.
On Tuesday, Aurora Cannabis Inc.'s stock price was up 5%, trading as high as C$6.18. However, the stock is falling in early trading after the announcement that its CFO has resigned. This news has caused some uncertainty among investors, leading to fluctuations in the stock price.
Despite the recent challenges, Alberta-based Aurora Cannabis Inc. has agreed to sell up to 53.19 million common shares to Canaccord Genuity at a price of. This move indicates the company's commitment to growth and expansion in the cannabis market.