Aurora Cannabis Inc. laid off some employees after signing an agreement with an outside sales broker.
Edmonton-based cannabis company spokeswoman Michelle Lefler confirmed the cuts but did not disclose how many employees were affected or what cities they were in.
According to Lefler, the move was prompted by Aurora’s recent decision to hire Great North Distributors Inc. to represent the top company in sales activities across Canada.
She says the agreement had an immediate impact on some jobs, while other employees will stay with the company for a set period of time.
READ MORE: Aurora’s CEO sees promising results in the cannabis industry despite years of cuts and layoffs
Despite the layoff, Aurora will maintain a sales leadership team to work closely with provincial partners and other key stakeholders, according to Lefler.
The story continues under the advertisement
Aurora laid off nearly 1,000 employees last year after some of its facilities were shut down to streamline operations.
See Below: Some Global News Videos About Aurora Cannabis.
1:35 Aurora Cannabis downsizes part of the industry the right size: Analyst
& # xD;
Will Aurora Stock Go Up?
© 2021 The Canadian Press
Can You Get Rich With Penny Stocks?
Is Aurora Stock a Buy? Aurora’s share price is unlikely to drop to zero. As investors noted in November, even positive news from the industry in general can add up the company’s shares in general. And if Aurora struggles, it can use another stock split to boost the stock price.
Should You Buy Canopy Growth Or Aurora?
Do Penny Stocks Really Make Money? Yes, but they can also lose a lot of money. Penny stocks are a risky investment, but there are a few ways you can reduce the risk and put yourself in a position to make money from penny stocks.
What if my stock goes to zero?
While Aurora Cannabis seems like the cheaper option, Canopy has a lot more financial stability and is therefore a better buy. Although the two companies’ 2020 fiscal 2020 net losses are on par at around $ 1.4 billion (annualized for Aurora), Canopy has a lot more cash to weather deficits.
Is It A Good Time To Buy Aurora Stock?
A price drop to zero means that the investor will lose their entire investment – a return of -100%. … Since the stock is worthless, the investor holding a short position does not have to buy back the stock and return it to the lender (usually a broker) which means that the short position will yield a 100% return.
Why is Aurora stock falling?
The updated Q4 guidelines have set expectations extremely low. If Aurora can continue to cut costs, increase sales, and reduce cash burn, the stock is a great long-term bet.
Is ACB a Buy or a Selling?
|Today’s decline came after the company released a business update last week. Aurora is in the midst of a business transformation to become profitable.||Zack’s rank||definition|
|Annualized return||1||Strong buy|
Does Aurora stock pay a dividend?
Which stocks pay the highest dividends?
|While Aurora has not paid a traditional dividend to investors as of this writing, the spin-off from Australis produced a similar result. In fact, the Australis sale meant a one-time dividend of around 1% for shareholders.||symbol||Companies|
|Displayed return%||(General meeting)||Federal Agricultural Mortgage|
Which stock paid the highest dividend?
|3.3%||symbol||Name of the company|
|Dividend yield||PRU||Prudential Financial Inc.|
|5.35%||IBM||International Business Machines Corp.|
|5.14%||JUICE||Safety Insurance Group Inc.|
|4.48%||TO WASH||Washington Trust Bancorp Inc.|
What’s the Highest Paying Monthly Dividend Stock?
- Eight Best Monthly Dividend Stocks To Buy Right Now:
- Gladstone Investment Corp. (GAIN)
- Horizon Technology Finance Corp. (HRZN)
- LTC properties (LTC)
- PennantPark Floating Rate Capital (PFLT)
- Prospect Capital Corp. (PSEC)
- Realty Income Corp. (O)
- Shaw Communications (SJR)
Is it worth buying an Aurora share?
Hirsch Industry (STAG)