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Investor Alert

Oct. 27, 2020, 7:20 a.m. EDT

Aurora Cannabis files shelf registration to issue up to $500 million in securities over time

Aurora Cannabis Inc. (NYS:ACB) (TSE:CA:ACB) said Tuesday it has filed a shelf registration to issue up to $500 million in securities, including common shares, preferred shares, warrants, subscription receipts and debt securities, or any combination over time. The Canadian cannabis company said it currently has $272 million in cash after completing an at-the-market program. U.S.-listed shares fell 1.7% premarket on the news, and have declined 83% in the year to date, while the Cannabis ETF (PSE:THCX) has fallen 28% and the S&P 500 (S&P:SPX) has gained 5%.

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