Ms. Michelle Lefler reports
AURORA CANNABIS ANNOUNCES FILING OF PRELIMINARY BASE SHELF PROSPECTUS AND PROVIDES UPDATE ON BALANCE SHEET STRENGTH
Aurora Cannabis Inc. has completed the previously filed at-the-market (ATM) program. Because of this, the company has filed a new preliminary short-form base-shelf prospectus with securities regulators in each of the provinces of Canada, except Quebec, and a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission.
The base-shelf prospectus when made final, will allow the company to make offerings of up to $500-million (U.S.) of common shares, preferred shares, warrants, subscription receipts and debt securities, or any combination thereof during the 25-month period that the base-shelf prospectus remains effective. The specific terms of any offering of securities, including the use of proceeds from any offering, will be set forth in a prospectus supplement to the shelf prospectus, which will be filed with the applicable Canadian securities regulatory authorities and the SEC. Aurora filed the shelf prospectus in order to provide the company with continued financial flexibility going forward.
With the completion of the previously filed ATM program, the company currently has available cash resources of approximately $272-million, in addition of undrawn revolver capacity of approximately $11-million.
Aurora is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alta., Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. The company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler and Reliva CBD. Providing customers with innovative, high-quality cannabis products, Aurora's brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.