The Toronto Stock Exchange reports that Aurora Cannabis Inc. has rolled back its shares on a one-new-for-10-old basis, effective at the open on Feb. 20, 2024. According to the TSX, the shares will continue trading under the symbol ACB. The new Cusip number for the shares is 05156X 85 0.

The TSX notes that no fractional shares will be issued. Fractional share entitlements shall be rounded up to the next greater whole number of shares if the fractional entitlement is equal to or greater than 0.5, and shall be rounded down to the next lesser whole number of shares if the fractional entitlement is less than 0.5. To receive the postconsolidated shares, shareholders must return the letter of transmittal together with share certificates or direct registration advices to Computershare Trust Company of Canada at its principal offices in Toronto. The shares will also be posted for trading on a postconsolidated basis on the Nasdaq Capital Market on Feb. 20, 2024.

The TSX reports that as a result of the share consolidation, the terms of the company's warrants have been amended. Currently, warrants expiring on March 16, 2024, are exercisable at $9 (U.S.) per share until 5 p.m. Toronto time on the expiry date, and warrants expiring on June 15, 2025, are exercisable at $3.20 (U.S.) per share until 5 p.m. Toronto on the expiry date.

Following the share consolidation, 10 March 16, 2024, warrants will be exercisable into one postconsolidated share at $90 (U.S.) per share until 5 p.m. Toronto time on the expiry date, with each 10 warrants entitling the holder thereof to purchase one whole postconsolidated share. Ten June 1, 2025, warrants will be exercisable into one postconsolidated share at $32 (U.S.) per share until 5 p.m. Toronto time on the expiry date, with each 10 warrants entitling the holder thereof to purchase one whole postconsolidated share.