Aurora Cannabis Inc. said late Wednesday that it planned to raise $250 million via convertible debt. Aurora stock fell more than 6% in after-hours trading. The company said it plans to use the cash for Canadian and international expansion, as well as for acquisitions and "working capital requirements" as the businesses grows. Aurora said it will give whoever buys the debt the chance to buy an additional $37.5 million of convertible debt. The notes will be due in 2024. Aurora stock closed up 4.7% to $7.33 during the regular session as the ETFMG Alternative Harvest ETF (MJ) fell 1.9%.
-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 16, 2019 18:31 ET (23:31 GMT)
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