The week kicked off with shares of Aurora Cannabis Inc. (NYSE: ACB) plummeting after the Canada-based company announced Monday that it would renew its at-the-market offering of up to $350 million in stock and complete a board-approved 1-for-12 reverse stock split.The main objective of the latter move was to drive the share price above $1, which is a requirement to remain listed on the New York Stock Exchange. The reverse stock split is scheduled for May 11.Cantor Fitzgerald maintained an Overweight rating on Aurora, but lowered the price target from CA$3.80 ($2.71) to CA$2.75 ($1.96). Canopy Growth Corporation (TSX: WEED) …read more
Source:: Yahoo Finance
