Aurora Cannabis repays final C$7.2 million of convertibles

By Wendy Van Sickle

Columbus, Ohio, Feb. 29 – Aurora Cannabis Inc. repaid the final C$7.2 million of its convertible senior notes at a cash cost of C$7.4 million, including accrued interest, according to a news release.

“This final repayment represents a significant milestone for Aurora, as we have now fully paid off nearly C$465 million in convertible debt,” Miguel Martin, chief executive officer of Aurora, said in the release.

“Our focus on balance sheet strength has saved the company millions in interest and we feel confident that our continued financial discipline will support the achievement of our target of positive free cash flow this calendar year.”

Aurora is a cannabis company based in Edmonton, Alta.

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