Feb 6 (Reuters) - Aurora Cannabis Inc ACB.TO :
* AURORA CANNABIS ANNOUNCES CEO RETIREMENT AND SUCCESSION, BOARD OF DIRECTORS EXPANSION, AND BUSINESS TRANSFORMATION PLAN
* SAYS MICHAEL SINGER APPOINTED INTERIM CEO
* EXECUTIVE CHAIRMAN MICHAEL SINGER HAS BEEN APPOINTED INTERIM CEO, EFFECTIVE IMMEDIATELY
* TWO NEW INDEPENDENT DIRECTORS TO JOIN BOARD FOR A TOTAL OF 10 DIRECTORS, INCLUDING 7 INDEPENDENTS
* ANNOUNCES COMPREHENSIVE TRANSFORMATION PLAN
* PROVIDES SELECT UNAUDITED PRELIMINARY FISCAL Q2 2020 FINANCIAL RESULTS AND UPDATED OUTLOOK
* ELIMINATED CLOSE TO 500 FULL-TIME EQUIVALENT STAFF ACROSS COMPANY
* AURORA CANNABIS - ANNOUNCED ITS INTENTION TO REDUCE CAPITAL EXPENDITURES FOR H2 OF FISCAL 2020 TO BRING CAPITAL EXPENDITURES BELOW $100 MILLION IN TOTAL
* RESTRUCTURING SPENDING PLANS ON INFORMATION TECHNOLOGY PROJECTS, SALES AND MARKETING INITIATIVES
* AURORA CANNABIS - RESTRUCTURING SPENDING PLANS ON TRAVEL & ENTERTAINMENT, PROFESSIONAL SERVICES, AND OTHER NON-REVENUE GENERATING THIRD-PARTY COSTS
* AURORA CANNABIS - EXPECTS TO REPORT ASSET IMPAIRMENT CHARGES ON CERTAIN INTANGIBLE & PROPERTY, PLANT & EQUIPMENT IN RANGE OF $190 MILLION TO $225 MILLION IN Q2
* EXPECTS CANNABIS REVENUES FOR Q2 OF FISCAL 2020 OF $62 MILLION TO $66 MILLION, NET OF EXCISE TAXES
* ASSETS BEING IMPAIRED ARE PREDOMINANTLY ASSOCIATED WITH OUR OPERATIONS IN SOUTH AMERICA AND DENMARK
* ELIMINATED STAFF INCLUDE ABOUT 25% OF CORPORATE POSITIONS
* NET CANNABIS REVENUES, AFTER GIVING EFFECT TO OFFSETS, ARE EXPECTED TO BE $50 MILLION TO $54 MILLION IN Q2
* EXPECTS TO REPORT WRITE-DOWNS OF GOODWILL IN RANGE OF $740 MILLION TO $775 MILLION IN Q2 2020
* AURORA CANNABIS - FOLLOWING NON-CASH CHARGES, AURORA EXPECTS TO REMAIN COMPLIANT WITH ITS REVISED TOTAL DEBT-TO-EQUITY COVENANT GOING FORWARD