Aurora Cannabis Penned A Deal, Per Which Canaccord Genuity Will Buy, On A Bought Deal Basis, 46,250,000 Common Shares Of Aurora At C$0.73 Per Offered Security, For Gross Proceeds Of About C$33,762,500
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Aurora Cannabis Inc. (NASDAQ:ACB) has entered into an agreement with Canaccord Genuity, who will buy 46,250,000 common shares of Aurora at C$0.73 per share, resulting in gross proceeds of about C$33,762,500 for Aurora.
September 28, 2023 | 11:20 am
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Aurora Cannabis has sold 46.25 million shares to Canaccord Genuity, raising C$33.76 million in gross proceeds.
The sale of shares will increase Aurora's cash reserves, potentially strengthening its financial position. However, it may also dilute existing shareholders' equity. The net impact on the stock price is uncertain in the short term.
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