Aurora Cannabis Inc. has filed a preliminary short form base 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 with the United States Securities and Exchange Commission.
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 Aurora 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.
“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, Aurora’s Executive Chairman.
“This filing is a natural evolution for our company as we rapidly mature into a global and profitable organization.”
Michael Singer, Aurora
“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.”
Aurora 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.
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 cannabis companies.Cannabis Business Worldwide