Aurora Cannabis Inc. ACB ACB has repurchased an aggregate of approximately CA$102.5 million ($76.1 million) principal amount of its convertible senior notes at a total cost, including accrued interest, of CA$99.4 million ($73.8 million) in cash. Following completion of this repurchase, Aurora will have approximately CA$148 million ($110 million) of notes outstanding.
The purpose of the transaction, which represents a repurchase of a portion of the notes at a 4.5% discount to par value, was to reduce the company's debt and annual cash interest costs. Aurora has repurchased an aggregate of approximately CA$316.5 million ($235 million) principal amount of its convertible senior notes over the last twelve months, resulting in annual cash interest savings of approximately CA$17.4 million ($12.9 million).
The company reiterated its expectation of achieving adjusted EBITDA profitability by December 31, 2022.
Get your daily dose of cannabis news on Benzinga Cannabis. Don’t miss out on any important developments in the industry.
Photo by Giorgio Trovato on Unsplash
Related News
Aurora Cannabis: What Makes Upside Potential For This Pot Stock? Analyst Has An Idea
Spain Seizes World's Largest Cannabis Haul To Date, Group Busted Was Supplying Most Of Europe
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!