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Aurora Stock Plunges On $25M Bought Deal To Repay Convertible Debt - Aurora Cannabis (NASDAQ:ACB)

Summary by Ground News
Shares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise $33.8 million in a share offering. Aurora says it plans to use the money raised to repay the remainder of its outstanding convertible senior notes. The company says the remainder, if any, will be used for strategic purposes, including potential acquisitions.

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  • 67% of the sources lean Left
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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, September 28, 2023.
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