TSX: ACB | NYSE: ACB
Provides Flexibility to Execute on Aurora's Global Expansion and Partnering Strategy
EDMONTON, April 2, 2019 /CNW/ - Aurora Cannabis Inc. ("Aurora"
or the "Company") (TSX: ACB) (NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that it
has filed a preliminary short form base shelf prospectus (the "Shelf Prospectus") with the securities regulators in each province
of Canada, except for the Province of Quebec, and a
corresponding shelf registration statement on Form F‐10 (the "Registration Statement") with the United States Securities and
Exchange Commission (the "SEC").
"Although we have no immediate intention of drawing capital against this Shelf Prospectus, we have introduced this option as a
prudent and long-term strategic measure to provide us with flexibility in access to growth capital, if or when required, to
continue executing on our global expansion and partnering strategy," said Michael Singer,
Executive Chairman. "With our recent listing on the NYSE, our successful financing in January 2019
led by U.S. institutional investors, and as we work with Nelson Peltz to explore potential
partnership opportunities, this filing is a natural evolution for our company as we rapidly mature into a global and profitable
organization."
The Shelf Prospectus and Registration Statement, when made final or effective, will allow the Company to make offerings of
common shares, debt securities, subscription receipts, units, warrants or any combination thereof of up to US$750 million during the 25 month period that the Shelf Prospectus is effective. Should the Company decide to
offer securities during this period, the specific terms, including the use of proceeds from any offering, will be set forth
in a related prospectus supplement to the Shelf Prospectus, which will be filed with the applicable Canadian securities
regulatory authorities and the SEC.
The Company is also considering the use of the Shelf Prospectus and subsequent prospectus supplement to allow for an "at the
market distribution" in accordance with applicable securities laws. An at-the-market distribution provides for securities
to be sold by registered dealers on behalf of the Company through the stock exchange at prevailing market prices at the time of
sale. Currently, no agreement has been entered into for an at-the-market distribution.
A copy of the Shelf Prospectus can be found on SEDAR at www.sedar.com and a copy of the Registration Statement can be found on EDGAR at www.sec.gov.
The Registration Statement has been filed with the SEC but has not yet become effective. No securities may be sold nor may
offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute
an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in
which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any
such jurisdiction.
About Aurora
Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 500,000 kg per
annum and sales and operations in 24 countries across five continents, Aurora is one of the world's largest and leading cannabis
companies. Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from
facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high
value-add product development, home cultivation, wholesale and retail distribution.
Highly differentiated from its peers, Aurora has established a uniquely advanced, consistent and efficient production
strategy, based on purpose-built facilities that integrate leading-edge technologies across all processes, defined by extensive
automation and customization, resulting in the massive scale production of high quality product at low cost. Intended to be
replicable and scalable globally, our production facilities are designed to produce cannabis of significant scale, with high
quality, industry-leading yields, and low per gram production costs. Each of Aurora's facilities is built to meet EU GMP
standards, and its first production facility, the recently acquired MedReleaf Markham facility, and its wholly owned European
medical cannabis distributor Aurora Deutschland have achieved this level of certification.
In addition to the Company's rapid organic growth and strong execution on strategic M&A, which to date includes 16 wholly
owned subsidiary companies – MedReleaf, CanvasRX, Peloton Pharmaceutical, Aurora Deutschland, H2 Biopharma, Urban Cultivator, BC
Northern Lights, Larssen Greenhouses, CanniMed Therapeutics, Anandia Labs, HotHouse Consulting, MED Colombia, Agropro, Borela,
ICC Labs and Whistler – Aurora is distinguished by its reputation as a partner and employer of choice in the global cannabis
sector, having invested in and established strategic partnerships with a range of leading innovators, including: Radient
Technologies Inc. (TSXV: RTI), Hempco Food and Fiber Inc. (TSXV: HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies
Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Capcium Inc. (private), Evio Beauty Group (private), Wagner Dimas (private),
CTT Pharmaceuticals (OTCC: CTTH), Alcanna Inc. (TSX: CLIQ) and High Tide Inc. (CSE:HITI).
Aurora's Common Shares trade on the NYSE and TSX under the symbol "ACB", and are a constituent of the S&P/TSX Composite
Index.
For more information about Aurora, please visit our investor website, investor.auroramj.com
Terry Booth, CEO
Aurora Cannabis Inc.
Forward looking statements
This news release includes statements containing certain "forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan",
"continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other
similar words, or statements that certain events or conditions "may" or "will" occur and include, but are not to, statements
regarding the filing and effectiveness of the final Shelf Prospectus and Registration Statement, the filing and effectiveness of
any potential prospectus supplement; the amount and terms of any securities to be offered, and anticipated timing of any
financing under the final Shelf Prospectus and Registration Statement. These statements are only predictions. Various assumptions
were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news
release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements. including but not limited to, the timing and filing of the
final Shelf Prospectus; the potential offering of any securities by the Company; uncertainty with respect to the completion of
any future offering; the ability to obtain applicable regulatory approval for any contemplated offerings; the ability of the
Company to negotiate and complete future funding transactions, as well as the risks identified under the heading Risk Factors in
our Annual Information Form for the fiscal year ended June 30, 2018. The Company is under no
obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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SOURCE Aurora Cannabis Inc.
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