Aurora Cannabis (TSX:ACB) announced it entered into an agreement with Canaccord Genuity for the financing of approximately $100 million.
As quoted in the press release:
Aurora Cannabis entered into an agreement with Canaccord Genuity Corp., pursuant to which Canaccord Genuity has agreed, on an agency basis, to arrange for purchasers of up to 100,000 special warrants, at a price of $1,000 per Initial Special Warrant, for gross proceeds of up to $100 million.
Aurora has also granted Canaccord Genuity an option, exercisable up to the day prior to closing of the Offering, to arrange for purchasers of up to an additional 15,000 special warrants for additional gross proceeds of $15 million. If the Option is exercised in full, the aggregate gross proceeds of the Offering will be $115 million.