Aurora Cannabis Replaces CFO, Conducts Reverse Split

Aurora Cannabis (TSX: ACB) is reporting this morning that it is replacing its chief financial officer in favor of an executive with decades of experience working for a leading multinational pharmaceutical company.

Glenn Ibbott, who has served in the role of CFO with Aurora since 2017, will be leaving the company’s leadership team effective February 21. Taking his place will be that of Simona King, a former executive from Bristol Myers-Squibb. King will be taking on the role following a 20 year career with the pharmaceutical giant, while Ibbott is expected to remain in an advisory role for several months to enable a smooth transition.

The change in leadership follows Aurora earlier this month reporting net revenue of $64.4 million for the fiscal third quarter of 2024, along with Adjusted EBITDA of $4.3 million.

Aurora meanwhile has also today completed a ten to one reverse split of its shares, which was conducted in an effort to meet minimum listing requirements for the Nasdaq. The company will have an estimated 47.6 million shares outstanding as a result.

Aurora Cannabis last traded at $0.52 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

What Happens If Silver Finally Breaks $50? | Gary Thompson – Silver47

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Aurora Cannabis Posts Loss of $158 Million for Third Quarter

Aurora Cannabis (TSX: ACB; NYSE: ACB) reported its third quarter 2019 earnings last night, posting...

Wednesday, May 15, 2019, 07:00:27 AM

Aurora Cannabis Reports Revenues Of $55.2 Million, Net Loss Of $164.7 Million

Aurora Cannabis (TSX: ACB) (NYSE: ACB) this evening posted its third quarter 2021 financial results,...

Thursday, May 13, 2021, 04:43:46 PM

Aurora Cannabis: Canaccord Anticipates Q2 Revenues Of $69.5 Million

On Thursday, February 11th, Aurora Cannabis (TSX: ACB) (NYSE: ACB) is scheduled to release their...

Tuesday, February 9, 2021, 04:01:00 PM

Choom Restructures Debt, Aurora Takes 19.9% Stake In Settlement

Choom Holdings Inc. (CSE: CHOO) announced Tuesday that it has entered into a series of...

Wednesday, May 26, 2021, 09:24:00 AM

Aurora Cannabis Dumps 23% Stake In Alcanna At 80% Loss

Aurora Cannabis (TSX: ACB) (NYSE: ACB) continues to liquidate its assets as it tries to...

Wednesday, June 3, 2020, 08:46:41 AM