Aurora Cannabis Stock Rose 17% on Spin-Out Announcement
For example, Aurora Cannabis (ACB) (ACBFF) rose by about 17.1% yesterday. Aurora Cannabis announced that it received the go-ahead to set a transaction record date in connection with its spin-out of Australis Capital. In its press release, the company’s CEO, Terry Booth, stated that this spin-out would provide “additional value” to Aurora Cannabis shareholders.