Alberta
Handguns and drugs seized in million-dollar bust

News Release from ALERT (Alberta Law Enforcement Response Team)
One million dollars’ worth of drugs was seized, along with multiple firearms, in an ALERT investigation that spread across northern Alberta.
On November 2, 2021 ALERT Edmonton’s organized crime and gang team executed multiple search warrants in effort to disrupt an intraprovincial drug trafficking network. Three homes in Edmonton were searched and targeted vehicle stops were conducted in Red Deer and Whitecourt.
“ALERT’s investigation revealed the Edmonton-based group was aggressive in supplying smaller cells in Grande Prairie and Red Deer. By leveraging our criminal intelligence, and coordinating ALERT’s resources, we were able to undermine their operations by intercepting significant shipments of harmful drugs,” said Inspector Kevin Berge, ALERT Edmonton.
The totality of ALERT’s enforcement efforts netted one million dollars’ worth of drugs, including the seizure of:
- Three handguns;
- 645 rounds of ammunition;
- 8,578 grams of meth;
- 1,317 grams of fentanyl;
- 2,850 milliliters of GHB;
- 3 grams of cocaine;
- 57 opioid pills;
- 17,260 grams of buffing agents;
- 929 grams of unknown powders; and
- $16,255 cash.
All three of the firearms were found with ammunition and not lawfully possessed. One of the firearms was believed to have been 3-D printed and was equipped with a suppression device. ALERT will be submitting the firearms for further analysis and ballistics testing.
Five people were arrested but no charges have been laid at this time.
Members of the public who suspect drug or gang activity in their community can call local police, or contact Crime Stoppers at 1-800-222-TIPS (8477). Crime Stoppers is always anonymous.
ALERT was established and is funded by the Alberta Government and is a compilation of the province’s most sophisticated law enforcement resources committed to tackling serious and organized crime.
Alberta
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Alberta
Aurora Cannabis shares fall 40% after share sale amendment

EDMONTON — Aurora Cannabis Inc.’s share price fell by about 40 per cent, after the company announced it sold US$150 million worth of shares.
The Edmonton marijuana company’s share price was $3.47 when trading ended Thursday, but by mid-morning Friday, had fallen to $2.07 and closed at $2.14.
The sale of shares was part of an amendment Aurora made to a previously announced bought deal financing.
The amendment made it possible for a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets to purchase 61.2 million Aurora units for US$2.45 each.
Each unit is comprised of one common share in Aurora and one common share purchase warrant, which can be used to acquire one common share for US$3.20 each in the next 36 months.
Aurora has yet to record a profit and in recent years has been trying to drive revenues by better aligning supply with demand, laying off staff and closing facilities.
This report by The Canadian Press was first published May 27, 2022.
The Canadian Press
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