Monday, September 15, 2025

Aurora Cannabis Converts 99% of $230 Million Convertible Debenture Into 69 Million Shares

Aurora Cannabis (TSX: ACB) (NYSE: ACB) announced this morning that their early conversion option on its $230 million worth of convertible debentures due in March 2020 was a resounding success. Approximately $227.0 million worth of debt has now been converted into equity at the early conversion price, which is a notable improvement from the previous update of $216.0 million.

While excellent for Aurora’s balance sheet, the early conversion option was trivial to shareholders. The Deep Dive has reported on the matter extensively, including the resulting slide in the share price following the announcement. The early conversion price was based on a five day volume weight average price, from the period of November 18, 2019 to November 22, with the resulting convert price being C$3.2837.

As a result of the early conversion, a total 69,135,117 common shares were issued.

Any current and future unpaid interest on the debt, up to but not including March 9, 2020, was paid out by Aurora in the form of cash. A total cash figure was not provided by the issuer.

A total of $2.3 million is expected to be remaining of the original $230 million convertible debenture. That debt will come due on March 9, 2020.

Aurora Cannabis last traded at $3.58 on the TSX.


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.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Nelson Peltz Resigns As Advisor To Aurora Cannabis

Aurora Cannabis (TSX: ACB) (NYSE: ACB) has seen Nelson Peltz resign as a strategic advisor...

Monday, September 28, 2020, 08:54:46 AM

Aurora Cannabis, New Gold Amid Names Dropped From S&P/TSX Composite In Latest Rebalance

Details on the latest quarterly adjustments to the S&P/TSX Composite Index, as well as the...

Saturday, September 3, 2022, 11:11:00 AM

From Founder To Former: Severance In the Cannabis Sector

You’re only the worth the value of your severance package. Or at least, that’s what...

Thursday, January 9, 2020, 06:13:51 PM

Aurora Posts Flat Quarterly Revenue Growth In Q2 2022

Aurora Cannabis (TSX: ACB) this evening reported its second quarter financial results. The firm reported...

Thursday, February 10, 2022, 05:25:34 PM

Aurora Cannabis Increases US$400 Million At The Market Offering To US$650 Million

Aurora Cannabis (TSX: ACB) (NYSE: ACB) will be increasing its recently completed US$400 million at-the-market...

Thursday, April 16, 2020, 11:36:54 PM