Aurora Cannabis Inc. shares sank to a two-year low Friday right after its revenues missed expectations and the pot producer announced it was halting building at 1 production facility and pausing function at one more to save a lot more than $190 million in planned costs.

The Edmonton-primarily based company’s shares fell to a low of $three.59 and have been down 51 cents or 11.six per cent at $three.87 in afternoon trading on the Toronto Stock Exchange.

Aurora announced right after markets closed on Thursday that it will promptly cease building of its Aurora Nordic two facility in Denmark to save about $80 million more than the subsequent year, as effectively as indefinitely defer completion of building and commissioning at its Aurora Sun facility in Alberta to conserve $110 million.

– Study the whole short article at International News.