[ad_1]

Edmonton, AB — September four, 2018 — /D.M.O. Newswire/ — Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX:ACB) (OTC:ACBFF) (FRA:21P) nowadays announced that it has closed its previously announced debt facility with the Bank of Montreal (“BMO”). The facility consists of a $150 million term loan and a $50 million revolving credit facility (collectively, the “Loans”), each of which mature in 2021. Integrated in the facility is an choice to upsize the facility to $250 million total following the implementation of Bill C-45 on October 17, 2018, topic to agreement by BMO and satisfaction of specific legal and business enterprise situations.
The debt facility is mainly secured by Aurora’s production facilities, such as Aurora Sky, Aurora Mountain, and Aurora Vie. Strategically positioned at Edmonton International Airport, Aurora Sky is the world’s most technologically sophisticated cannabis facility, projected to create in excess of 100,000 kg per year of higher-top quality, low-price per gram, cannabis upon completion.’
“We are extremely proud to have effectively closed this historic debt facility supported by a premier Canadian bank, BMO, who understands our requirements and prospective. This is each a reflection of the swiftly maturing nature of the broader cannabis market and robust validation of the financial prospective of Aurora’s ideal-in-class, technologically sophisticated production facilities,” stated Terry Booth, CEO of Aurora. “With BMO and the syndicate lenders, Aurora gains considerable runway to expansion possibilities that will positively contribute to our extended-term margin profile and offer accelerated entry into a number of international markets. This further capital positions us properly to continue creating the pre-eminent worldwide cannabis business with a concentrate on vertically integrated, geographically and horizontally diversified assets.”
Glen Ibbott, CFO of Aurora, added, “The closing situations of this debt facility incorporated stringent due diligence of Aurora’s present production facilities as properly as a thorough critique of Aurora’s projected income development across all of our divisions. With our really robust balance sheet, Aurora is properly positioned to execute on our business enterprise method, such as accelerated improvement and launch of new items, continued fast expansion of our domestic and international operations, and entry into new worldwide markets.”
Pursuant to the agreed upon situations of the Loans, Aurora may possibly, at its discretion, repay the balance of the Loans without the need of penalty, at any time. The pricing of the Loans is a set margin more than the BMO CAD Prime Price or a Bankers’ Acceptance of acceptable term. Primarily based on the present BMO CAD Prime Price, the interest payable is anticipated to be in the mid to higher four% per annum variety more than the term of the Loans. Further particulars on this new sector benchmark debt facility can be located in the Company’s documents that have been filed on www.sedar.com.
About Aurora
Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 570,000 kg per year and sales and operations in 14 nations across 5 continents, Aurora is a single of the world’s biggest and top cannabis providers. Aurora is vertically integrated and horizontally diversified across just about every essential segment of the worth chain, from facility engineering and design and style to cannabis breeding and genetics investigation, cannabis and hemp production, derivatives, higher worth-add solution improvement, household cultivation, wholesale and retail distribution.
Extremely differentiated from its peers, Aurora has established a uniquely sophisticated, constant and effective production method, primarily based on goal-constructed facilities that integrate top-edge technologies across all processes, defined by in depth automation and customization, resulting in the enormous scale production of higher top quality solution at ultra-low fees. Intended to be replicable and scalable globally, these production facilities are made to create cannabis of considerable scale, with higher top quality, market-top yields, and ultra-low per gram production fees. Every of Aurora’s facilities is constructed to meet European Union (EU) GMP requirements, and its 1st production facility, the not too long ago acquired MedReleaf Markham facility, and its wholly owned European health-related cannabis distributor Aurora Europe GmbH, have accomplished this level of certification.
In addition to the Company’s fast organic development and robust execution on strategic M&A, which to date consists of 10 providers acquired – MedReleaf, CanvasRx, Peloton Pharmaceutical, Pedanios, H2 Biopharma, Urban Cultivator, BC Northern Lights, Larssen Greenhouses, CanniMed Therapeutics, and Anandia – Aurora is distinguished by its reputation as a companion of decision and employer of decision in the worldwide cannabis sector, obtaining invested in and established strategic partnerships with a variety of top innovators, such as: The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), Radient Technologies Inc. (TSXV: RTI), Hempco Meals and Fiber Inc. (TSXV: HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Namaste Technologies Inc. (TSXV: N), Evio Beauty Group (private), Wagner Dimas (private), CTT Pharmaceuticals (OTCC: CTTH), Capcium Inc. (private), and Alcanna Inc. (TSX: CLIQ).
Aurora’s Prevalent Shares trade on the TSX below the symbol “ACB”, and are a constituent of the S&P/TSX Composite Index.
For a lot more information and facts about Aurora, please stop by our investor web-site, investor.auroramj.com, Twitter, Facebook or Instagram.
Terry Booth, CEO Aurora Cannabis Inc.
Forward Hunting Statements
This news release consists of statements containing specific “forward-searching information” inside the which means of applicable securities law (“forward-searching statements”). Forward-searching statements are regularly characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other equivalent words, or statements that specific events or situations “may” or “will” happen. These statements are only predictions. Different assumptions have been employed in drawing the conclusions or creating the projections contained in the forward-searching statements all through this news release. Forward-searching statements are primarily based on the opinions and estimates of management at the date the statements are produced, and are topic to a range of dangers and uncertainties and other variables that could lead to actual events or benefits to differ materially from these projected in the forward-searching statements. The Organization is below no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-searching statements, whether or not as a outcome of new information and facts, future events or otherwise, except as expressly expected by applicable law.
Neither TSX nor its Regulation Solutions Provider (as that term is defined in the policies of Toronto Stock Exchange) accepts duty for the adequacy or accuracy of this release.

[ad_2]