Saturday, May 31, 2025

Latest

Aurora Cannabis Files For US$300 Million At The Market Financing

Aurora Cannabis (TSX: ACB) (NYSE: ACB) last night announced that it has formally filed a prospectus supplement for a US$300 million at-the-market offering. The intention to file for the financing was originally disclosed when the company released its third quarter financial results.

Sales under the at the market financing are to be made only on US-listed exchanges, with the shares under the financing to be sold on the TSX or other Canadian markets. Distributions are to be made via arrangements with Citigroup Global and Cowen and Company, with BMO Capital Markets, ATB Capital Markets, and Canaccord Genuity also participating in the arrangement.

The financing is being conducted to provide “maximum flexibility” to the company to pursue acquisitions, despite having $525 million in cash as of May 13. The company also explicitly states that it’s, “not expected to need to access the ATM Program without an accretive use of proceeds.”

The financing arrangement is effective as of May 19, 2021.

Aurora Cannabis last traded at $8.82 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Aurora Cannabis: Booth Out, $775 Million Goodwill Hit, And Declining Revenues

Like was much speculated this afternoon, Aurora Cannabis (TSX: ACB) (NYSE: ACB) CEO Terry Booth...

Thursday, February 6, 2020, 05:01:55 PM

Aurora Cannabis Posts Q4 Revenues Of $72.1 Million, Loss Of $1.9 Billion, Loses $3.3 Billion On The Year

Aurora Cannabis (TSX: ACB) (NYSE: ACB) reported its fourth quarter financial results for the period...

Tuesday, September 22, 2020, 05:07:52 PM

BMO Struggling to Sell Aurora Cannabis’ TGOD Shares

Last night the Globe and Mail reported that a group of Investment Banks led by...

Friday, September 6, 2019, 12:24:09 AM

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 Replaces CFO, Conducts Reverse Split

Aurora Cannabis (TSX: ACB) is reporting this morning that it is replacing its chief financial...

Tuesday, February 20, 2024, 08:08:27 AM