Ms. Laura Gallant reports

AURORA CANNABIS ANNOUNCES PRICING OF EARLY AMENDED CONVERSION PRIVILEGE FOR CONVERTIBLE DEBENTURES

Aurora Cannabis Inc. has received notice from holders of the company's $230-million 5 per cent unsecured, convertible debentures due March 9, 2020, representing $227,019,000 principal amount, or approximately 99 per cent, of the debentures, voluntarily electing to convert their debentures pursuant to the early amended conversion privilege, as defined in the first supplemental indenture dated Nov. 14, 2019, between the company and Computershare Trust Company of Canada filed under the company's SEDAR profile.

Under the terms of the supplemental indenture, the elected debentures will be converted into common shares of the company at the amended early conversion price (as defined in the supplemental indenture) of $3.2837 resulting in the issuance of an aggregate of 69,135,117 common shares. Holders of elected debentures will also receive accrued and unpaid interest from the last interest payment date, being June 30, 2019, to, but excluding, Nov. 25, 2019, and future unpaid interest from Nov. 25, 2019, to, but excluding, the date of maturity of the debentures, being March 9, 2020, payable in cash.

About Aurora Cannabis Inc.

Headquartered in Edmonton, Alta., Canada, with financed capacity in excess of 625,000 kilograms per annum and sales and operations in 25 countries across five continents, Aurora is one of the world's largest and leading cannabis companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, and wholesale and retail distribution.

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