Aurora Cannabis Continues to Destroy Shareholder Value with Equity Financing
Aurora Cannabis (TSE: ACB) (ACB) produces, distributes, and sells cannabis products. It also produces and sells indoor cultivation systems and hemp-related food products. The company announced that it will raise US$125 million through a bought deal financing led by Canaccord Genuity (TSE: CF) and BMO (TSE: BMO) Capital Markets. The deal is for 51.1 million units, with each unit made up of one common share and one warrant with the right to buy one common share at a strike price of US$3.20 per share. The units were purchased by the underwriters for a price of US$2.45.
Aurora Cannabis Continues to Destroy Shareholder Value with Equity Financing
Aurora Cannabis (TSE: ACB) (ACB) produces, distributes, and sells cannabis products. It also produces and sells indoor cultivation systems and hemp-related food products. The company announced that it will raise US$125 million through a bought deal financing led by Canaccord Genuity (TSE: CF) and BMO (TSE: BMO) Capital Markets. The deal is for 51.1 million units, with each unit made up of one common share and one warrant with the right to buy one common share at a strike price of US$3.20 per share. The units were purchased by the underwriters for a price of US$2.45.