{"id":63130,"date":"2023-09-19T17:47:25","date_gmt":"2023-09-19T21:47:25","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/aurora-cannabis-to-transfer-listing-to-nasdaq-capital-market-buy-back-9-6-million-of-convertible-bonds\/"},"modified":"2023-09-19T17:47:28","modified_gmt":"2023-09-19T21:47:28","slug":"aurora-cannabis-to-transfer-listing-to-nasdaq-capital-market-buy-back-9-6-million-of-convertible-bonds","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=63130","title":{"rendered":"Aurora Cannabis to transfer listing to Nasdaq Capital Market, buy back $9.6 million of convertible bonds"},"content":{"rendered":"
\n

Aurora Cannabis Inc.
\n ACB,
\n -0.15%<\/bg-quote><\/p>\n

ACB,
\n +1.74%<\/bg-quote>
\n said Tuesday it has received approval to transfer its U.S. listing to the Nasdaq Capital Market from the Nasdaq Global Select Market effective today. The move will give the company an additional 180 days to regain compliance with the Nasdaq\u2019s $1 minimum bid price requirement and comes after the stock closed below $1 for 30 straight business days. The company also said it\u2019s buying back CAD13 million ($9.6 million) of convertible senior notes, leaving it with just $29.2 million outstanding. \u201cThe purpose of the notes repurchase transaction is to further reduce the company\u2019s debt and annual cash interest costs, reinforcing Aurora\u2019s commitment to achieving the target of positive free cashflow in calendar year 2024,\u201d the company said in a statement. Aurora has bought back about $316 million in principal amount of notes since December of 2021, saving it about $24.1 million in cash interest. The Canadian cannabis company\u2019s stock was up 0.6% premarket and has fallen 6% in the year to date, while the AXS Cannabis ETF
\n THCX,
\n -2.27%<\/bg-quote>
\n has fallen 18% and the S&P 500
\n SPX,
\n -0.22%<\/bg-quote>
\n has gained 16%. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aurora Cannabis Inc. ACB, -0.15% ACB, +1.74% said Tuesday it has received approval to transfer its U.S. listing to the Nasdaq Capital Market from the Nasdaq Global Select Market effective today. The move will give the company an additional 180 days to regain compliance with the Nasdaq\u2019s $1 minimum bid price requirement and comes after […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-63130","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nAurora Cannabis to transfer listing to Nasdaq Capital Market, buy back $9.6 million of convertible bonds | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Aurora Cannabis Inc. 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