Aurora Cannabis (TSX:ACB) announced plans to consolidate shares on a 1-for-10 basis, leading to a drop in its share price. The move aims to prevent delisting due to low trading value. While the company shows positive financial performance in Canada’s medical cannabis market, it lacks a clear strategy for expansion. Consider investing in Organigram Holdings (TSX:OGI) for growth potential and profitability.
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Written by: Amy Legate-Wolfe
Published on February 3, 2024 at 07:45AM
Source: The Motley Fool Canada (opens in new tab)