Full Press Release Details
Aurora Cannabis Confirms Share Consolidation
the Company will begin trading on the New York Stock Exchange and the Toronto Stock Exchange on a post-consolidated basis at the
opening of trading on May 11, 2020
EDMONTON, May 8, 2020 /CNW/ - Aurora Cannabis
Inc. (the "Company" or "Aurora") (NYSE | TSX: ACB), the Canadian company defining the future
of cannabis worldwide, confirms today that it has received all necessary approvals for its previously announced consolidation of
the common shares (the "Common Shares") of the Company on a 12 to 1 basis (the "Consolidation")
and confirms that the Consolidation will be effective on May 11, 2020 (the "Effective Date").
Aurora's Common Shares will begin trading on
the New York Stock Exchange (the "NYSE") and the Toronto Stock Exchange (the "TSX") at the opening
of trading on the Effective Date under the symbol "ACB" on a post-Consolidation basis.
Aurora is a global leader in the cannabis industry
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 brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special,
AltaVie, MedReleaf, CanniMed, Whistler, and ROAR Sports. Providing customers with innovative, high-quality cannabis and hemp products,
Aurora's brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever
they are launched. For more information, please visit our website at www.auroramj.com.
Aurora's Common Shares trade on the TSX and
NYSE under the symbol "ACB", and is a constituent of the S&P/TSX Composite Index.
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. These forward-looking 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, estimates and assumptions of management in light of management's experience and perception
of historical trends, current conditions and expected developments at the date the statements are made, such as current and future
market conditions, the current and future regulatory environment and future approvals and permits. 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, including general business and economic conditions, changes in laws and
regulations, product demand, changes in prices of required commodities, competition, the effects of and responses to the COVID-19
pandemic and other risks, uncertainties and factors set out under the heading "Risk Factors" in the Company's annual
information form dated September 10, 2019 (the "AIF") and prospectus supplement dated April 16, 2020 (the "Prospectus
Supplement") and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com.
The Company cautions that the list of risks, uncertainties and other factors described in the AIF and Prospectus Supplement 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
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SOURCE Aurora Cannabis Inc.
original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2020/08/c6925.html
For further information: For Media: Michelle Lefler, VP, Communications
& PR, media@auroramj.com; For Investors: ICR, Inc., Investor Relations, aurora@icrinc.com
CO: Aurora Cannabis Inc.
CNW 16:30e 08-MAY-20