Aurora Cannabis has filed a preliminary short-form base shelf prospectus to raise up to $1 billion by issuing securities over a 25-month period. The cash raised will give Aurora “maximum flexibility to pursue strategic initiatives, which may include acquisitions or partnerships pursuant to the company’s previously stated global growth strategy,” said Aurora in a news release issued Wednesday. Edmonton, Alberta-based Aurora had about 565 million Canadian dollars ($447.6 million) of cash on hand as of the end of its second-quarter in February. The prospectus was filed with Canadian securities regulators and with the U.S. Securities and Exchange Commission. After it’s finalized, the prospectus will allow Aurora to sell securities including common shares, warrants, options, subscription receipts, and debt securities.
Marijuana Business Daily, 03/10/2021 16:34:00