Full Press Release Details
Announces Filing of Preliminary Base Shelf Prospectus
17, 2023 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NASDAQ: ACB) (TSX: ACB), the Canadian company
opening the world to cannabis, today announced it has filed a new preliminary short form base shelf prospectus (the "Base Shelf
Prospectus") with securities regulators in each of the provinces of Canada, except Quebec.
The Base Shelf Prospectus,
together with a corresponding registration statement to be filed with the United States Securities and Exchange Commission, when made
final or effective, will replace the Company's existing base shelf prospectus and will qualify the issuance of U.S.$650 million of common
shares, warrants, options, subscription receipts, debt securities and/or units during the 25-month period that the Base Shelf Prospectus
remains effective. Of the U.S.$650 million of securities to be registered under the Base Shelf Prospectus, approximately U.S.$412 million
will be allocated to the potential exercise of currently outstanding warrants issued in financing transactions from 2020 to 2022. As
a result, approximately U.S.$238 million will be available for potential new issuances under the Base Shelf Prospectus, which is the
approximate amount available for new issuances under the Company's current base shelf prospectus.
This news release does
not constitute an offer of any securities for sale.
Aurora is opening the
world to cannabis, serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis,
dedicated to helping people improve their lives. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily
Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Medical cannabis brands include MedReleaf, CanniMed, Aurora
and Whistler Medical Marijuana Co. Aurora also has a controlling interest in Bevo Farms Ltd., North America's leading supplier of propagated
agricultural plants. Driven by science and innovation, and with a focus on high-quality cannabis products, Aurora's brands continue to
break through as industry leaders in the medical, performance, wellness and adult recreational markets wherever they are launched.
Aurora's common shares
trade on the NASDAQ and TSX under the symbol "ACB".
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. Forward-looking statements made in this news release include, but are not limited to, statements regarding
the filing of the Base Shelf Prospectus and qualification for the future issuance, and the allocation, of U.S.$650 million of securities
These forward-looking
statements are only predictions. Forward looking information or statements contained in this news release have been developed based on
assumptions management considers to be reasonable. Material factors or assumptions involved in developing forward-looking statements
include, without limitation, publicly available information from governmental sources as well as from market research and industry analysis
and on assumptions based on data and knowledge of this industry which the Company believes to be reasonable. Forward-looking statements
are subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances
could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially from
those projected in the forward-looking statements. These risks include, but are not limited to, the ability to retain key personnel,
the ability to continue investing in infrastructure to support growth, the ability to obtain financing on acceptable terms, the continued
quality of our products, customer experience and retention, the development of third party government and non-government consumer sales
channels, management's estimates of consumer demand in Canada and in jurisdictions where the Company exports, expectations of future
results and expenses, the risk of successful integration of acquired business and operations, management's estimation that SG&A will
grow only in proportion of revenue growth, the ability to expand and maintain distribution capabilities, the impact of competition, the
general impact of financial market conditions, the yield from cannabis growing operations, product demand, changes in prices of required
commodities, competition, and the possibility for changes in laws, rules, and regulations in the industry, epidemics, pandemics or other
public health crises, including the current outbreak of COVID-19, and other risks, uncertainties and factors set out under the heading
"Risk Factors" in the Company's annual information form dated September 20, 2022 (the "AIF") and filed with Canadian
securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com and filed with and available on
the SEC's website at www.sec.gov. The Company cautions that the list of risks, uncertainties and other factors described in the
AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties
and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information.
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 securities law.
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For further information: For Media:
Michelle Lefler, VP, Communications & PR, media@auroramj.com; For Investors: ICR, Inc., Investor Relations, aurora@icrinc.com
CNW 17:15e 17-MAR-23