Aurora Cannabis increases secured credit facility to C$360 million from C$200 million [MarketWatch]
Aurora Cannabis increases secured credit facility to C$360 million from C$200 million Canada's Aurora Cannabis Inc. ACB, -8.56% ACB, -8.16% said Thursday it is increasing the size of a secured credit facility to C$360 million ($280 million) from C$200 million. The Edmonton, Alberta-based company said it has secured commitments from an expanded syndicate of lenders led by BMO. The additional borrowing consists of an term loans and a revolving credit facility, both of which mature in August of 2021. Shares fell 3.6% premarket, but have gained 23% in 2019, while the ETFMG Alternative Harvest ETF MJ, -6.22% has gained 9% and the S&P 500 SPX, -2.93% has gained 13.3%.
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ACB
News
- Aurora Cannabis Inc (NYSE: ACB) was downgraded by analysts at Zacks Investment Research from a "buy" rating to a "hold" rating.MarketBeat
- Aurora Cannabis (ACB): Transformation on Track [Yahoo! Finance News]Yahoo! Finance News
- Medical vs. Recreational Cannabis: Which Is the Future? [The Motley Fool]The Motley Fool
- Experts See CBG as the Minor Cannabinoid With Major Potential for Medicinal UsesPR Newswire
- Aurora Cannabis Appoints International Consumer Packaged Goods Executive Miguel Martin as Chief Commercial OfficerPR Newswire
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ACB
SEC Filings
- 7/6/20 - Form 6-K
- 6/30/20 - Form 6-K
- 6/29/20 - Form 6-K
- ACB's page on the SEC website
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