CURLF - Aurora And Curaleaf Cannabis Companies Each Close Multi-Million Dollar Funding Deals | Benzinga
Two cannabis giants each closed their respective funding deals on Tuesday.
Canadian Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) closed its previously announced bought deal offering of 53,187,500 common shares of the company at CA$0.73 per offered security for aggregate gross proceeds to Aurora of approximately CA$38,826,875 ($28.5).
The gross proceeds include the full exercise of the over-allotment option by Canaccord Genuity to purchase 6,937,500 additional common shares of the company on the same terms as the offering.
"It is our intention to use the majority of the net proceeds from the Offering to repay the remaining balance of our convertible notes at or prior to ...