Aurora Cannabis buys back C$12.3 million more convertible notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – Aurora Cannabis Inc. announced it has repurchased C$12.3 million principal amount of its convertible senior notes between Aug. 16 and Sept. 8.

The purchase price of the notes was C$12.3 million, including accrued interest, satisfied by the issuance of 20.1 million common shares of Aurora.

Following completion of this repurchase, about C$53 million of the notes are outstanding.

The purpose of the buyback was to reduce the company’s debt and annual cash interest costs, according to a company press release on Friday. Annual cash interest savings now total C$31.7 million.

Aurora is a cannabis company based in Edmonton, Alta.

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