Aurora Cannabis (ACB) 1-for-10 Reverse Stock Split

Aurora Cannabis completed a 1-for-10 reverse stock split on February 20, 2024. All holders of Aurora Cannabis received 1 share of ACB in exchange for every 10 ACB shares held at the close of trading on February 16, 2024.

This affected all Aurora Cannabis shareholders. Due to this reverse stock split, scheduled orders for ACB were not accepted between market close on February 16, 2024 and market open on February 20, 2024.

What does this mean?

With the reverse stock split, ACB shares were combined into larger pieces. This increased the price of each share. To ensure that all shareholders value remains the same, Aurora Cannabis shareholders had their share quantity reduced.

How did this impact my holdings?

Your total number of ACB shares decreased while the price per share increased.

For example: if you had 20 shares of Aurora Cannabis stock, during this 1 for 10 reverse stock split, Aurora Cannabis granted you 1 share in exchange for every 10 shares you owned. However the value of each share was initially around 10 times the original price. This results in you holding a smaller number of total shares, with each share being worth a greater value.

After the reverse split is completed, 1 ACB share will be equivalent to 10 original ACB shares.

How can I calculate the number of shares I own?

To calculate the number of shares that you will now own after the split, follow the math below:

Shares previously owned x 1/10 = New amount of shares held

For example: Before the split you owned 100 shares of ACB. Use the equation above (100 previously owned shares x 1/10) You now own 10 shares of ACB

Note: Aurora Cannabis historical graphs will be updated to take the split into account.

If you have more questions regarding this reverse stock split and how it may affect shares you’re holding, please refer to Aurora Cannabis’ Investor Relations website.

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