Aurora Cannabis shares fall 40 per cent after share sale amendment
EDMONTON -
Aurora Cannabis Inc.'s share price fell by about 40 per cent, after the company announced it sold US$150 million worth of shares.
The Edmonton marijuana company's share price was $3.47 when trading ended Thursday, but by mid-morning Friday, had fallen to $2.07 and closed at $2.14.
The sale of shares was part of an amendment Aurora made to a previously announced bought deal financing.
The amendment made it possible for a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets to purchase 61.2 million Aurora units for US$2.45 each.
Each unit is comprised of one common share in Aurora and one common share purchase warrant, which can be used to acquire one common share for US$3.20 each in the next 36 months.
Aurora has yet to record a profit and in recent years has been trying to drive revenues by better aligning supply with demand, laying off staff and closing facilities.
This report by The Canadian Press was first published May 27, 2022.
CTVNews.ca Top Stories
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
Five areas Canada's foreign interference commissioner says needs more investigation
Commissioner Marie-Josee Hogue released her interim report examining foreign election interference on Friday. Here are five elements of the issue that Hogue says she needs to further probe before she can make conclusions or recommendations.
Police officer hit by driver of fleeing vehicle in Toronto
York Regional Police say they are continuing to search for a suspect in an auto theft investigation who was captured on video running over a police officer in Toronto last month.
Why your airfare may be getting more expensive
Skyrocketing airfare prices are linked to heightened competition and rising food and fuel, according to the CAA.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
New weight-loss drug Wegovy not a 'magic bullet,' doctor warns
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
Drew Carey is never quitting 'The Price Is Right'
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.
Funeral today for broadcasting legend and voice of 'Hockey Night in Canada' Bob Cole
A funeral is being held today for hockey broadcasting legend Bob Cole in his hometown of St. John's, N.L.
Foreign meddling 'did not affect' overall federal election results: inquiry report
Foreign interference by China did not affect the overall results of the 2019 and 2021 general elections won by Justin Trudeau's Liberals, a federal commission of inquiry has found.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
Calgary
-
Okotoks resident charged in shooting of 53-year-old man
An Okotoks resident has been charged in relation to a shooting Wednesday at a residence in Sheep River Court.
-
Calgary halal stores closed by AHS can now reopen
Uninspected meat found at several halal food stores and grocers in Calgary has been destroyed and the affected facilities have been cleared to open.
-
Twin Alberta Ballet dancers retire after 15 years with company
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
Lethbridge
-
Woman charged in connection with fatal crash
Lethbridge police say impaired driving is to blame in a fatal crash that killed a 25-year-old man on Thursday.
-
Contractors want to repurpose Milk River high school rather than see it demolished
The bell at Erle Rivers High School in Milk River, Alta., will ring for the last time on June 26, as the 114-year-old school is scheduled to be torn down to make way for a new K-12 school.
-
Lethbridge football player Tanner McLachlan drafted by the NFL’s Cincinnati Bengals
Years of hard work paid off for Tanner McLachlan after he heard his name called at the NFL draft last Saturday.
Saskatoon
-
Deflated for now, Saskatoon's Golf Dome is about to get a makeover
A lesser known fixture of Saskatoon's skyline is coming down for repairs and renovations.
-
Company fined $260,000 for workplace injury in Saskatoon
Richelieu Hardware Canada Ltd. was fined a hefty $260,000 for a workplace safety violation leading to a serious worker injury.
-
Police make 3 arrests after 4 staff members assaulted at Sask. business
Three people were arrested in connection to an assault that occurred at a business in Prince Albert on April 21.
Regina
-
Sask. Party raises $3.6M, leads in donations ahead of looming election call
Premier Scott Moe's Saskatchewan Party has received millions of more dollars in donations compared with rivals ahead of this year's election.
-
Regina's North Central Family Centre launches Hopes and Dreams campaign
The North Central Family Centre (NCFC) has launched a capital campaign to help aid in the completion of a major project they are in the midst of building.
-
New hospital in Weyburn now 30% finished
Construction on the new Weyburn General Hospital is ahead of schedule and is about 30 per cent complete.
Vancouver
-
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
-
California man gets 27 months in Canadian prison for attempting to smuggle 'ghost gun' over the border
A California man has been sentenced to 27 months in prison for attempting to smuggle a ghost gun across the Canadian border last year, authorities announced Friday.
-
Hacker breaches B.C. libraries and demands ransom after taking emails, phone numbers
B.C. libraries have been targeted by a hacker who demanded a ransom or they would release user data that includes the phone numbers and email addresses of some clients.
Vancouver Island
-
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
-
Nanaimo family seeks transfer due to concerns about quality of care at long-term facility
A family claims it’s concerned for their loved one in a Nanaimo-based long-term care facility as they work with staff and Island Health to resolve some of their complaints.
-
Princess Anne to take part in B.C. ceremony bringing new ship into Pacific fleet
The first Arctic and Offshore Patrol Vessel for Canada's Pacific fleet will officially be commissioned in a ceremony featuring Princess Anne, the sister of King Charles.
Toronto
-
Police officer hit by driver of fleeing vehicle in Toronto
York Regional Police say they are continuing to search for a suspect in an auto theft investigation who was captured on video running over a police officer in Toronto last month.
-
Video shows suspect setting Toronto-area barbershop on fire
Video of a suspect lighting a Richmond Hill barbershop on fire earlier this week has been released by police.
-
Two baby bald eagles born in Toronto
Two baby bald eagles have hatched in Toronto, just weeks after a bald eagle nest was spotted in the city for the first time ever.
Montreal
-
Premier Legault reiterates that McGill pro-Palestinian camp must be dismantled
Quebec Premier François Legault reiterated that the pro-Palestinian encampment at McGill University must be dismantled while police remain 'on the lookout for new developments.'
-
Judge worries amendment to Quebec language law will cause 'undue delays' for English trials
A Quebec judge overseeing the trial of a person accused of killing a cyclist with their car has raised concerns that an amendment to the province's language charter could cause 'undue delays' for trials held in English.
-
'Congratulations': Celine Dion praises Montreal DJ for new mashup featuring her vocals
Quebec singing legend Celine Dion has praised a Montreal DJ for creating a mashup featuring one of her songs with U.K. producer Majestic.
Atlantic
-
Officers seize 28kg of elvers at N.S. holding facility
Fishery officers seized nearly 30 kilograms of elvers at a Yarmouth County, N.S., holding facility on Wednesday, arresting three people in the process.
-
New Brunswick town's mayor defends policy that prohibits Pride banners on lampposts
A New Brunswick mayor is defending her town's new policy that will prohibit Pride banners from being displayed on lampposts in the community -- a move a local LGBTQ group says sends a harmful message.
-
Councillor Pam Lovelace says she's running for Halifax mayor
Halifax city councillor Pam Lovelace has announced she is running for mayor.
Winnipeg
-
LIVE AT 4 PMLIVE AT 4 PM Winnipeg police to speak on arrest involving possession of explosive substances
Winnipeg police will share details about the arrests of two people possessing explosive substances Friday afternoon.
-
New Red Dress Alert system to be developed in Manitoba
A new pilot program which will notify the public of missing and murdered Indigenous women, girls, two-spirit and gender-diverse people is set to be implemented in Manitoba.
-
Winnipeg’s newest tool to combat arson? Scooby the golden lab
The Winnipeg Fire Paramedic Service’s newest recruit is not quite two years old with friendly brown eyes, a wagging tail and a sunny, blonde coat.
Ottawa
-
Two Ontario nurses help deliver baby during a flight to Dubai
Two registered nurses from Ottawa and Kingston have been an integral part in the delivery of a baby on board a flight heading to Dubai.
-
Sexual assault suspect sought by Ottawa police
The Ottawa Police Service is asking the public for help in identifying a suspect allegedly involved with a sexual assault that happened at a home on Albert Street three months ago.
-
CTV Morning Live launches podcast starting this week
A new CTV Morning Live Podcast is launching this week. The first episode is available now on the iHeartRadio app, featuring some of the best CTV Morning Live’s segments. This includes news, lifestyle segments and some fun.
Northern Ontario
-
Northern Ont. man guilty of three counts of first-degree murder in Sudbury firebombing
The jury deciding the fate of a man responsible for a fatal firebombing in Sudbury found him guilty of three counts of first-degree murder on Friday afternoon.
-
New Hamburg, Ont. family can't get truck's faulty transmission fixed due to aftermarket attachment
A New Hamburg family is feeling deflated after buying a new Toyota hybrid truck.
-
Almost $17K in fines for illegal hunting, fishing in northern Ont.
Three men from southern Ontario and a man from Texas have been fined a total of $16,700 for illegal hunting and fishing in September 2021.
Barrie
-
80-year-old Ont. man to face jury in historical sexual assault case involving children
A trial date has been set for an Ontario senior facing allegations of historical sexual offences involving children.
-
30 firefighters battle blaze at Bracebridge facility
On Thursday night, 30 firefighters battled a destructive fire that broke out in a facility in Bracebridge Ont.
-
Allegedly armed suspects sought after failed home invasion
Police are investigating a failed home invasion involving two armed suspects in the area of Bathurst Street and Mulock Drive in Newmarket.
Kitchener
-
WRDSB to lay off 106 elementary school teachers
More than 100 teachers at the Waterloo Region District School Board (WRDSB) are learning they have been declared surplus will likely be out of a job as of Aug. 12.
-
Brantford, Ont. woman, charged again with falsely soliciting pregnancy support, back in court
Kaitlyn Braun, the Brantford, Ont. woman who previously admitted to deceiving doulas and is facing similar charges again, is not seeking bail at this time, her lawyer said Friday.
-
Livestock killed in farm fire near Elmira
Thick grey smoke billowed over Elmira Friday morning as first responders raced to the scene of a large farm fire on Allemang Place.
London
-
'I felt like the wildebeest in National Geographic': Cyclist recounts wild dog attack
Neighbours west of Dorchester are demanding action after an alleged attack by dogs.
-
Benzene levels 424 times acceptable levels: Aamjiwnaang First Nation
The Aamjiwnaang First Nation near Sarnia says it has recorded benzene levels 424 times above acceptable levels coming from a nearby chemical plant.
-
Three people in hospital following crash east of London, Ont.
A two-vehicle crash involving a transport truck and a passenger vehicle closed Dundas Street, just west of Thamesford, late Thursday afternoon.
Windsor
-
Two people exchange gunfire in Leamington parking lot
Essex County OPP investigators are asking for help in identifying an individual involved in a shooting incident in a Leamington parking lot.
-
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
-
Highway 401 construction zone blitz leads to 76 charges
A joint traffic initiative in a construction zone on Highway 401 resulted in dozens of charges.
