Aurora Cannabis is raising $125 million via a stock-purchase deal to finance general corporate activities, which might include “opportunistically reducing debt,” the Alberta company announced.
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.
Major Canadian marijuana producer Aurora Cannabis reported a slight quarterly revenue increase during its first fiscal quarter, despite an adjusted EBITDA loss of 57.9 million Canadian dollars ($44.7 million) as the company worked through its transition plan.
