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March 10, 2021, 1:49 p.m. EST

Aurora files with the SEC to offer up to $1 billion in securities

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By Ciara Linnane

Aurora Cannabis Inc. /zigman2/quotes/210559470/composite ACB -5.06% /zigman2/quotes/203734337/delayed CA:ACB -4.18% said Wednesday it has filed a shelf registration with the Securities and Exchange Commission to offer up to $1 billion in securities. The shelf includes common shares, preferred shares, warrants, subscription receipts and debt securities and will be effective for a 25-month period. The Canadian cannabis company has regularly tapped capital markets in the past year and has renegotiated terms on its borrowing to preserve cash and boost liquidity. Aurora's U.S.-listed shares were lower on the news, as issuing shares would dilute the existing ones. They were last down 6%, and are down 17% in the last 12 months, while the Cannabis ETF /zigman2/quotes/213173823/composite THCX -3.75% has gained 131% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.22% has gained 35%.

/zigman2/quotes/210559470/composite
US : U.S.: NYSE
$ 7.32
-0.39 -5.06%
Volume: 9.61M
May 13, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.53 billion
Rev. per Employee
$76,070
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/zigman2/quotes/203734337/delayed
CA : Canada: Toronto
$ 8.93
-0.39 -4.18%
Volume: 2.27M
May 13, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.85 billion
Rev. per Employee
$102,126
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/zigman2/quotes/213173823/composite
US : U.S.: NYSE Arca
$ 15.16
-0.59 -3.75%
Volume: 173,541
May 13, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,112.50
+49.46 +1.22%
Volume: 2.16B
May 13, 2021 5:03p
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