Aurora $ACB Completes $69MM Offering and $6MM Private Placement

Aurora Cannabis(TSX: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM))

Aurora Cannabis Inc. is pleased to announce that it completed its bought deal offering of 23,000,000 units of the Company, including the exercise, in full, of the Underwriters’ over-allotment option with a syndicate of underwriters, led by Canaccord Genuity Corp., including GMP Securities L.P., PI Financial Corporation, Eight Capital, Industrial Alliance Securities Inc., Beacon Securities Limited and Mackie Research Capital Corporation, for gross proceeds of $69 million. Each Unit, at a price of $3.00 per Unit, is comprised of one common share of the Company and one common share purchase warrant. Each Warrant will be exercisable to acquire one common share for a period of three years following the date hereof at an exercise price of $4.00 per Warrant Share, subject to adjustment in certain events.

Additionally, the Company completed a concurrent private placement of 2,000,000 Units of the Company for proceeds of $6 million, as previously announced on October 16, 2017, with the Units issued under the Private Placement having the same terms as the Units issued under the Offering. All securities issued in connection with the Private Placement are subject to a four month hold period expiring March 3, 2017.

The Company intends to use the net proceeds of the Offering and the Private Placement for the Company’s strategic growth initiatives including continued domestic and international expansion.