Shareholders with losses exceeding $50,000 are encouraged to contact the firm
The Law Offices of Frank R. Cruz announces an investigation of Aurora Cannabis, Inc. (“Aurora” or the “Company”) (NYSE: ACB) on behalf of investors concerning the Company’s possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On September 8, 2020, the Company announced that it expected to record up to $1.8 billion in goodwill impairment charges in fourth quarter 2020. According to Aurora’s press release, these charges included “up to $90 million” in fixed asset impairment charges “due to production facility rationalization, and a charge of approximately $140 million in the carrying value of certain inventory, predominantly trim, in order to align inventory on hand with near term expectations for demand.”
On this news, the Company’s stock price fell $0.99 per share, or more than 11%, to close at
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Happy Friday readers,
I hate to be cliche, but we are living in monumental times — with President Trump’s COVID-19 diagnosis, it’s impossible to know what will happen next.
Despite the crush of the news cycle leading up to November, life still goes on, and Yeji and I still have a ton of cannabis news for you all.
Let’s get to it.
Here’s what we wrote about this week:
Lawyers who specialize in cannabis are eyeing the burgeoning psychedelics industry as companies studying magic mushrooms go public
Lawyers who specialize in the cannabis industry say they’re getting inquiries from a new kind of client: psychedelics companies.
The calls started coming in around
This is the first of a three-part series about the contextual influences modern society has on mood disorders and addictions, 2) the risks of buy-in, and 3) the possibility of soul renewal via (but not limited to)therapeutic cannabis use.
Part I: The Addictive System
“We live in a society bloated with data yet starved for wisdom. We’re connected 24/7, yet anxiety, fear, depression and loneliness is at an all-time high. We must course-correct.” ~Elizabeth Kapu’uwailani Lindsey
The “addictive system” (1) is the elephant in the living room. Mood disorders and addictions, like everything else, do not occur in a vacuum. Yet we tend to miss the overarching societal ‘space’ when only focused on individual issues, like depression and anxiety or opioid and social-media addictions.
What exactly is this context?
It is an invisible psychological environment, the backdrop within which people are unwittingly succumbing to addiction or suffering mood disorders. … Read More