Cannabis stocks had been on fire since the U.S. elections, but hit some turbulence on Tuesday.
AFP/Getty Images
Aurora Cannabis Inc. plans to sell more shares after big gains in recent days, sending the stock price plunging more than 15% in late trading Tuesday.
Aurora
ACB,
-25.95%
ACB,
-26.41%
said it expects to charge $7.50 for a share in the company as well as a warrant that will allow the buyer to purchase another share for $9 within 40 months of the close. The company expects to raise $125 million in the offering, according to its announcement. After declining more than 25% in Tuesday trading, Aurora closed at $8.30 a…
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