Saturday, May 31, 2025

Latest

Aurora Cannabis Closes US$172.5 Million Financing

Aurora Cannabis (TSX: ACB) (NYSE: ACB) this morning announced the closing of its overnight marketed public offering. The company raised gross proceeds of US172.5 million from the financing, the equivalent of roughly $225.7 million in Canadian dollars.

The financing saw a total of 23.0 million units sold at a price of US$7.50 per unit, or C$9.81. Units consisted of one common share and one half of a common share purchase warrant, good for a period of 40 months following the close of the financing with an exercise price of US$9.00 per share.

The raise saw the full exercise of the over allotment option offered in connection with the financing.

Net proceeds from the offering are to be used to fund growth opportunities, working capital, and general corporate purposes.

Aurora Cannabis last traded at $7.07 on the NYSE.


Information for this briefing was found via Sedar and Aurora Cannabis. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Is Aurora Cannabis Dumping The Green Organic Dutchman?

Aurora Cannabis (TSX: ACB) (NYSE: ACB) appears to be shopping its final holdings in The...

Tuesday, September 3, 2019, 06:29:12 PM

Aurora Cannabis, Aphria Said To Have Walked From Potential Merger Over Executive Compensation

It’s been reported by BNN Bloomberg that Aphria Inc (TSX: APHA) (NASDAQ: APHA) and Aurora...

Tuesday, July 14, 2020, 04:23:23 PM

Aurora Cannabis Names New CEO, Announces Over $1.8 Billion In Q4 Writedowns On Declining Revenues

Aurora Cannabis (TSX: ACB) (NYSE: ACB) this morning finally announced their new CEO, whom as...

Tuesday, September 8, 2020, 08:22:47 AM

More Than 80% of Canada’s Cannabis CEOs at the Time of Adult-Use Legalization Have Left

Three years into adult-use legalization – fewer than 1 in 5 CEOs who were there...

Sunday, October 24, 2021, 09:00:00 AM

Aurora Cannabis Cuts Losses As It Continues To Hunt For Savings

Aurora Cannabis (TSX: ACB) has trimmed its net loss by $590.4 million in the latest...

Friday, August 11, 2023, 09:02:49 AM