Aurora Cannabis Inc.
said Wednesday it has filed a shelf registration with the Securities and Exchange Commission to offer up to $1 billion in securities. The shelf includes common shares, preferred shares, warrants, subscription receipts and debt securities and will be effective for a 25-month period. The Canadian cannabis company has regularly tapped capital markets in the past year and has renegotiated terms on its borrowing to preserve cash and boost liquidity. Aurora’s U.S.-listed shares were lower on the news, as issuing shares would dilute the existing ones. They were last down 6%, and are down 17% in the last 12 months, while the Cannabis ETF
has gained 131% and the S&P 500
has gained 35%.
View more information: https://www.marketwatch.com/story/aurora-files-with-the-sec-to-offer-up-to-1-billion-in-securities-2021-03-10