Aurora Cannabis strikes stock deal to raise CA$60 million

Aurora Cannabis reached a stock-purchase deal to raise another 60 million Canadian dollars ($50 million) to fund its domestic and international expansion initiatives, bringing its new financing so far this year to CA$264.1 million.

Aurora – based in Alberta and traded on the Toronto Stock Exchange under the symbol ACB – said in a news release that the underwriters have an option to increase the proceeds of the latest capital raise to CA$69 million.

The CA$60 million funding, announced Tuesday, represents a CA$10 million increase from an initial bought deal transaction that Aurora had announced the same

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Aurora Cannabis strikes stock deal to raise CA$60 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs