Aurora Repurchases ~US$9.0 Million Principal Amount of Convertible Notes
EDMONTON, AB – Aurora Cannabis Inc. (“Aurora” or the “Company”) (NASDAQ: ACB) (TSX: ACB), the Canadian company opening the world to cannabis, today announced that it has repurchased an aggregate of approximately $12.3 million (US$9.0 million) principal amount of its convertible senior notes (“Notes”) in multiple transactions between August 16 and September 8, 2023 at a total cash cost of $12.3 million (~US$9.0 million), including accrued interest, satisfied by the issuance of an aggregate ~20.1 million common shares of Aurora. Following completion of these repurchases, Aurora will have approximately $53 million (US$39 million) of Notes outstanding. The purpose of the transactions was to reduce the Company’s debt and annual cash interest costs, reinforcing our commitment to achieving our target of positive free cashflow in calendar year 2024. In total, the transactions announced today will save Aurora $0.66 million in annualized interest payments. Aurora has repurchased an aggrega...