Aurora And Curaleaf Cannabis Companies Each Close Multi-Million Dollar Funding Deals
Portfolio Pulse from Jelena Martinovic
Aurora Cannabis Inc. and Curaleaf Holdings, Inc. have each closed their respective funding deals. Aurora raised approximately $28.5 million through a bought deal offering of common shares, with plans to use the majority of the proceeds to repay the remaining balance of its convertible notes. Curaleaf raised CA$16.2 million through an offering of subordinate voting shares, with plans to use a portion of the proceeds to fund the working capital requirements of its international business and for general corporate purposes.
October 03, 2023 | 2:46 pm
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Aurora Cannabis closed a funding deal raising approximately $28.5 million. The company plans to use the majority of the proceeds to repay the remaining balance of its convertible notes.
The successful funding deal provides Aurora with additional capital, which will be used to repay debt. This could strengthen the company's financial position and potentially boost investor confidence, leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Curaleaf Holdings closed a funding deal raising CA$16.2 million. The company plans to use a portion of the proceeds to fund the working capital requirements of its international business and for general corporate purposes.
The successful funding deal provides Curaleaf with additional capital, which will be used to fund its international business and other corporate purposes. This could strengthen the company's financial position and potentially boost investor confidence, leading to a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100