Underwriters for Aurora Cannabis’ previously announced overnight public offering have agreed to purchase roughly 20 million units at $7.50 apiece, the Alberta company said this week, a move that would net the company $142.4 million. If the over-allotment option is exercised, the net proceeds would increase to $163.8 million. Aurora said it intends to use the proceeds to fund growth opportunities, working capital, and other corporate purposes.
Marijuana Business Daily, 11/12/2020 13:32:45