ACB stock closed Wednesday’s trading session down 1.43%, selling for $8.93 USD on the NYSE. The drop occurred after Aurora Cannabis (TSX:ACB) (NYSE:ACB), the second largest cannabis stock by market capitalization, filed a preliminary short-form base shelf prospectus with regulators from Canada and the US.
$750 Million Preliminary ProspectusOnce finalized, the registration statement and prospectus will allow Aurora Cannabis to issue stock offerings, subscription receipts, debt securities, and warrants worth $750 million for a period of 25 months. However, the prospectus does not mean that Aurora will offer any securities and the company clarified that ...
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