April 15, 2020

On April 15, a securities team from Jenner & Block’s Corporate Department closed on a new $250 million at-the-market (ATM) offering facility for Aurora Cannabis Inc., which is listed on the New York and Toronto Stock Exchanges under the stock symbol “ACB”.  The ATM facility enables our client to sell, from time to time, up to $250 million of its shares at times of its choosing by tendering notice to the banks with which it entered into the facility (functioning a bit like the corporate equivalent of an ATM machine for individuals).  Our client plans to use the funds for general corporate purposes.

The team representing Aurora consisted of Partners Martin C. Glass, Jeffrey R. Shuman and Geoffrey M. Davis and Associate Kristen M. Iglesias.