Aurora Cannabis Seeks New ATM and to Consolidate Shares as Revenue…

  • Under the ATM, the Company issues common shares (the Common Shares) at prevailing market prices without any new issue discounts, warrants or other dilutive securities; and To support the strength of the Company’s balance sheet and provide continued access to equity capital, the Company today stated that it intends to file a new prospectus supplement for a renewed ATM program, to enable Aurora to raise additional equity capital pursuant to its outstanding base shelf prospectus dated May 14, 2019 under which approximately US$350 million remains available.
  • The Company expects the Consolidation to restore compliance with the NYSE’s continued listing standards, and to provide access to a broad universe of investors, access to equity capital and trading liquidity.
  • The Consolidation will be effective on or about May 11, 2020 (the Effective Date) and on such date the Company expects to begin trading on the New York Stock Exchange (the NYSE) and the Toronto Stock Exchange (the TSX) on a post-Consolidation basis.

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