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Aurora Cannabis Announces Upsize To Previously Announced Bought Deal Financing; Syndicate Of Underwriters Have Agreed To Buy On Bought Deal Basis 61.2M Units At $2.45 Per Unit

Benzinga Real-time News ·  May 27, 2022 21:20

Aurora Cannabis Inc. ("Aurora" or the "Company") (NASDAQ:ACB) (TSX:ACB), the Canadian company defining the future of cannabinoids worldwide, has announced today that it has amended the terms of its previously announced bought deal financing. Under the amended terms, a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets, have agreed to buy on a bought deal basis 61.2 million units of the Company (the "Units"), at a price of US$2.45 per Unit for gross proceeds of approximately US$150.0 million (the "Offering"). Each Unit will be comprised of one common share of the Company (a "Common Share") and...

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