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-0.0179372197309417 -0.0109417040358744 0.00497757847533647 -0.00448430493273533 -0.0246636771300447 0.0672645739910313 0.0582959641255607 0.0512107623318387
Stock impact report

Aurora Cannabis says 94% of holders of its C$230 million in convertible debt opt for early conversion [MarketWatch]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: MarketWatch
Aurora Cannabis says 94% of holders of its C$230 million in convertible debt opt for early conversion Aurora Cannabis Inc. ACB, -1.75% ACB, -4.17% said Tuesday that about 94% of the holders of its C$230 million ($174 million) of 5% unsecured convertible debt that matures in March of 2020 have elected to convert their debt into stock. The company said last week it would offer all holders of the notes the opportunity to voluntarily convert them at an amended early conversion ratio to be determined using an amended early conversion price equal to a 6% discount over the stock's five-day volume weighted average trading price on the Canadian and U.S. exchanges. The move weighed heavily on the stock as the transaction is expected to be dilutive. Aurora made the announcement as it posted weaker-than-expected earnings and said it was halting construction on some of its facilities to conserve cash. The stock was slightly lower in premarket trade, but has shed 38% of its value in the mont Show less Read more
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