12:37 PM EST - Aurora Cannabis Inc. : Provided an update related to its balance sheet flexibility, business transformation initiatives and COVID-19 operational response plans. As of March 31, 2020, the Company had approximately $205 million of cash. This includes all amounts raised under the existing, and now completed, $400 million U.S. At-the-Market Offering program, initially announced in May 2019. Under the ATM, the Company issues common shares at prevailing market prices without any new issue discounts, warrants or other dilutive securities; and to support the strength of the Company's balance sheet and provide continued access to equity capital, the Company today stated that it intends to file a new prospectus supplement for a renewed ATM program, to enable Aurora to raise additional equity capital pursuant to its outstanding base shelf prospectus dated May 14, 2019 under which approximately $350 million U.S. remains available. The Company intends to use a portion of this available capacity to provide further balance sheet strength and preserve flexibility given macroeconomic uncertainty caused by COVID-19
Aurora Cannabis Inc.
shares T.ACB are trading down $0.16 at $1.06.
