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Aurora Cannabis Inc T.ACB

Alternate Symbol(s):  T.ACB.WS.U | ACB

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company's principal business lines are focused on the production, distribution, and sale of cannabis related products in Canada and internationally. The Company’s segments include Canadian Cannabis, European Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol and CraftPlant. Its cannabis products are primarily cultivated and manufactured in the facilities in Edmonton, Alberta; Bradford Ontario; Pemberton, British Columbia, and Odense, Denmark. The Company is focused on offering its cannabis products to global medical cannabis market, recreational cannabis market and global hemp-derived cannabidiol (CBD) markets.


TSX:ACB - Post by User

Bullboard Posts
Comment by aurumtraderon Jun 26, 2018 1:29am
101 Views
Post# 28228022

RE:$0.000001 (a millionth of a dollar)

RE:$0.000001 (a millionth of a dollar)
I think that relates to the pre exchange par value of the class a and c shares that were exchanged into common shares prior to the ipo. The class B shares had an issuance of $0.001 per share. The common shares that are the ones that eventually ipo'd on to the market had an issuance of $0.001 I believe and then were Subsequently exchanged for 116.0909:1 prior to the ipo hence why there were two more decimals added to make it $0.000001 of par value per share. As for the why, likely relates to the tax treatment of the par value in order to not lose it on the amalgamation as the business combination is being done by way of an amalgamation and not a straight acquisition like cmed. Again my thoughts only so keep that in mind. Hope this helps.
Bullboard Posts