Business
Aurora Cannabis Provides Business Updates and Announces New CEO
Aurora Cannabis Provides Business Updates and Announces New CEO Canada NewsWire ...
About this update from Aurora Cannabis Inc.
[{"type":"text","content":"\n\n\n\nAurora Cannabis Provides Business Updates and Announces New CEO\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nEDMONTON, AB, Sept. 8, 2020\n\n\n\nAppoints Miguel Martin as Chief Executive Officer Expects Fiscal Q4 2020 Net Revenue Between $70 and $72 Million, Including $66 to $68 Million Cannabis Net Revenue To Record Up to $1.8 Billion in Goodwill Impairment Charges in Q4 2020 Secures Greater Financial Flexibility with Credit Facility Amendments Now Anticipates Positive Adjusted EBITDA in Fiscal Q2 2021 To Host Q4 and Fiscal Year 2020 Conference Call on September 22, 2020NYSE | TSX: ACB\n EDMONTON, AB, Sept. 8, 2020 /CNW/ - Aurora Cannabis Inc. (the \"Company\" or \"Aurora\") (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced an update on its business operations along with certain unaudited preliminary fiscal fourth quarter 2020 results. The Company also announced the appointment of Miguel Martin as its new CEO which is detailed in a separate announcement released this morning. \n\n \n \n \n \n \n \n\n \n\"Over the last six months, Aurora has focused on building the infrastructure and capabilities necessary for a successful and diversified business,\" stated Michael Singer, Executive Chairman and former Interim CEO of Aurora. \"The first phase of our business transformation, which is now substantially complete, included the rationalization of our cost structure, reduced capital spending, and a more prudent and targeted approach to capital deployment. As a result, we now have a far more efficient asset base and infrastructure to supply our key global markets. I am delighted to now be transitioning the CEO responsibilities to Miguel and I am confident that Aurora is in a strong position to succeed under Miguel's leadership.\" ...