Aurora Cannabis Inc. is facing a shareholder class action after the news last month that the company expected to be hit with roughly $1.6 billion in impairment charges caused its stock to drop 11%, according to a complaint filed Friday in New Jersey federal court.
The tumble led analysts to speculate whether the Canadian firm’s focus on crop cultivation was misguided, Bloomberg News reported in September.
Aurora decided to expand after Parliament passed the Cannabis Act in 2018, shareholder Stephen Lawless told the U.S. District Court for the District Court of New Jersey. Investors were informed about the company’s “business ...
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