![]() Securities and Exchange Commission (the "SEC") as part of the Company's registration statement on Form F-10 (the "Registration Statement") under the U.S./Canada Multijurisdictional Disclosure System on May 27, 2022. In connection with the Offering, the Company filed a prospectus supplement (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated Ma(the "Base Shelf Prospectus") with the securities commissions or securities regulatory authorities in each of the provinces of Canada, except Quebec, and with the U.S. As a result of the capital raised from this Offering, the Company now anticipates no further use of the previously announced at-the-market (ATM) facility in the near term, of which approximately US$186 million remains outstanding. The net proceeds of the Offering will be used for general corporate purposes. Each Warrant is exercisable to acquire one common share of the Company (a "Warrant Share") for a period of 36 months following the closing date of the Offering at an exercise price of US$3.20 per Warrant Share, subject to adjustment in certain events.Ĭanaccord Genuity and BMO Capital Markets acted as the bookrunners for the Offering. The Company sold approximately 70.4 million Units at a price of US$2.45 per Unit, including approximately 9.2 million Units sold pursuant to the exercise in full of the underwriters' over-allotment option.Įach Unit is comprised of one common share of the Company (a "Common Share") and one common share purchase warrant of the Company (a "Warrant"). Strengthened Balance Sheet Eliminates Need to Access the ATM Facility in the Near FutureĮDMONTON, AB, J/PRNewswire/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, has announced today the closing of its previously announced bought deal offering of units of the Company (the "Units") for gross proceeds of approximately US$172.5 million (the "Offering"). ![]()
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