Aurora Cannabis Inc T.ACB

Aurora Cannabis Inc. Closes Previously Announced Bought Deal

[Betteryear2]

Over-Allotment Option Exercised in Full

Strengthened Balance Sheet Eliminates Need to Access the ATM Facility in the Near Future 

EDMONTON, AB, June 1, 2022 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, has announced today the closing of its previously announced bought deal offering of units of the Company (the "Units") for gross proceeds of approximately US$172.5 million (the "Offering"). The Company sold approximately 70.4 million Units at a price of US$2.45 per Unit, including approximately 9.2 million Units sold pursuant to the exercise in full of the underwriters' over-allotment option.

[miscstuff]

ACB sells this idea stating that this will "Eliminates Need to Access the ATM Facility in the Near Future."  Great thinking... if we sell 51 million units today we won't have to sell any shares at higher prices tomorrow. The stock was trading at about $2.75 at the time and ACB had the right to sell shares as needed at market price. They could have taken a little time to

[Maxmoe]

Sucks for anyone that owned acb before the deal, and sucks for anyone that bought the deal. Here we are on the other side of the bridge. Anyone that sold shares at $2.45 USD last week made a good trade. Even if they included a WAY out of the money warrant. So the foul water has passed under the bridge and buying it now at $2 CDN looks clean to me.