03:46:29 EST Wed 01 Dec 2021
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Aurora Cannabis Inc (2)
Symbol ACB
Shares Issued 141,750,748
Close 2021-01-20 C$ 14.61
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Globe/CP say Aurora signs sales distribution agreement

2021-01-21 08:26 ET - In the News

The Globe and Mail reports in its Thursday edition that Aurora Cannabis says it has laid off some workers after signing an agreement with an external sales broker. A Canadian Press dispatch to The Globe says that the Edmonton-based cannabis company confirmed the cuts but would not disclose the number of staff affected or what cities they were located in. A spokesman said the move was prompted by Aurora's recent decision to hire Great North Distributors to represent the marijuana company in sales activities across Canada. The agreement had an immediate impact on some jobs, while other employees will remain with the company for a set time. Despite the layoffs, Aurora will keep a sales leadership team to work closely with provincial partners and other key stakeholders. Aurora laid off almost 1,000 workers last year after it closed some of its facilities to streamline its operations. Its shares closed Wednesday at $14.61, down 50 cents on the Toronto Stock Exchange.

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