Aurora Cannabis Inc. said Friday it has repurchased C$31.3 million ($23 million) of convertible senior notes at a total cost of C$29.8 million. The purpose was to reduce its debt and interest costs and expects the move to generate savings of about C$11.9 million. The company still has about C$380 million of cash on its balance sheet and is still expecting a positive adjusted EBITDA run rate by year-end. Shares were up 4.5% premarket, boosted by President Joe Biden's announcement late Thursday th Read More...
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These 2 Stocks Make Up 52% of Warren Buffett’s $325 Billion Portfolio
Few people command the attention of Wall Street professionals and everyday investors quite like billionaire Warren Buffett. Since taking the reins of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, the Oracle of Omaha, as he’s come to be known, has created more than $615 billion in value for shareholders and generated an aggregate return on his company’s Class A shares (BRK.A) of 3,641,613%. In other words, there’s plenty of reason for Wall Street and investors to pay attention to what Buffett is buying, selling, and holding.
