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Aurora Cannabis Raises $125 Million at $10.50

Aurora Cannabis Inc. Announces US$125 Million Bought Deal Financing EDMONTON, Alberta, Jan. 21, 2021 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (“Aurora” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets, under which the underwriters have agreed to […]

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Aurora Cannabis Inc. Announces US$125 Million Bought Deal Financing

EDMONTON, Alberta, Jan. 21, 2021 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (“Aurora” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets, under which the underwriters have agreed to buy on bought deal basis 12,000,000 units of the Company (the “Units”), at a price of US$10.45 per Unit for gross proceeds of approximately US$125 million (the “Offering”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant of the Company (each full common share purchase warrant, a “Warrant”). Each Warrant will be exercisable to acquire one common share of the Company (a “Warrant Share”) for a period of 36 months following the closing date of the Offering at an exercise price of US$12.60 per Warrant Share, subject to adjustment in certain events.

The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 10% of the Offering to cover over-allotments, if any. This option may be exercised by the Underwriters for additional Units, Common Shares, Warrants or any combination of such securities.

The net proceeds of the offering will be used for general corporate purposes, which may include opportunistically reducing debt. The Company believes that the Offering fits with its broader strategy to have a strong balance sheet while maintaining maximum flexibility to invest and build towards being a leader in global cannabinoids.

The closing of the Offering is expected to take place on or about January 26, 2021 and will be subject to customary conditions, including approvals of the Toronto Stock Exchange and the New York Stock Exchange.

A prospectus supplement (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated October 28, 2020 (the “Base Shelf Prospectus”) will be filed with the securities commissions or securities regulatory authorities in each of the provinces of Canada, except Quebec, and with the U.S. Securities and Exchange Commission (the “SEC”) as part of the Company’s registration statement on Form F-10 (the “Registration Statement”) under the U.S./Canada Multijurisdictional Disclosure System. The Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement contain important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement and the other documents the Company has filed for more complete information about the Company and this Offering before making an investment decision.

Copies of the Prospectus Supplement, following filing thereof, and the Base Shelf Prospectus will be available on SEDAR at www.sedar.com and copies of the Prospectus Supplement and the Registration Statement will be available on EDGAR at www.sec.gov. Copies of the Prospectus Supplement, following filing thereof, the Base Shelf Prospectus and the Registration Statement may also be obtained from BMO Capital Markets by contacting BMO Capital Markets, Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 or by telephone at (905) 791-3151 Ext 431 or by email at torbramwarehouse@datagroup.ca or from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036 (Attn: Equity Syndicate), or by telephone at (800) 414-3627 or by email at bmoprospectus@bmo.com. Copies of such documents may also be obtained from ATB Capital Markets Inc., Attn: Gail O’Connor, 410-585 8th Ave SW, Calgary, Alberta, T2P 1G1, (403) 539-8629 or by email from atbcm_dealflow@atb.com.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Aurora

Aurora is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. The Company’s brand portfolio includes Aurora, Aurora Drift, San Rafael ‘71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, and Reliva CBD. Providing customers with innovative, high-quality cannabis products, Aurora’s brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched. For more information, please visit our website at www.auroramj.com.

Aurora’s common shares trade on the TSX and NYSE under the symbol “ACB”, and is a constituent of the S&P/TSX Composite Index.

Original press release

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Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.


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Source: https://www.newcannabisventures.com/aurora-cannabis-raises-125-million-at-10-50/

Heartland

Legislative review: Senate committee passes bill that could reduce regulatory standards for farmers

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State of the State address goes virtual

People hold American flags Monday, Jan. 11, 2021, outside the Capitol building in Boise. Governor Brad Little gave his State of the State address later that afternoon virtually.

BOISE — The Senate Agricultural Affairs Committee passed a bill this week that could lead to less stringent regulations for farmers and ranchers in the state.

House Bill 167 would require the Idaho State Department of Agriculture to consider the economic implications of rules and regulations the department imposes.

“Where not prohibited by federal or state law, the requirements imposed on agricultural operations shall be economically feasible, based on data, studies, and other information,” the bill states.

The Associated Press reports the legislation comes after agriculture groups in the state tried, and failed, to get the department to reduce the standards regulating the amount of cow manure that can be placed on fields as fertilizer. Cow manure contains phosphorous, which can pollute waterways through runoff or seeping into the ground and rising to the surface in springs.

According to the Associated Press, Bob Naerebout of the Idaho Dairymen’s Association — one of the groups supporting the bill — told the committee that the industry wants to follow the state’s regulations, but ones that aren’t economically sustainable shouldn’t be in place.

The bill now goes to the full Senate for a vote. It passed through the House in February with a 57-10 vote.

Legislative review: House committee postpones decision on hemp bill

Legalizing hemp

A few days after delaying a vote on a bill to legalize industrial hemp in Idaho, the House Agricultural Affairs Committee passed the legislation on Tuesday.

Idaho is the only state in the country that hasn’t legalized industrial hemp, which is a variety of cannabis with a THC concentration of less than 0.3%. THC is the psychoactive compound present in marijuana.

In December 2018, Congress passed legislation that removed hemp’s status as an illegal substance. And in January, the United States Department of Agriculture released its final rule governing industrial hemp production in the country, Braden Jensen, a representative with the Idaho Farm Bureau Federation, told the committee on Feb. 24.

Despite this federal action, hemp remains listed on Idaho’s Schedule I controlled substance list, and House Bill 126 wouldn’t remove hemp from this list altogether. Instead, it would only legalize hemp for farming purposes.

During the first committee meeting on this legislation, multiple lawmakers said they would rather see a bill move forward that removes hemp from this Schedule I list so that Idahoans could legally access hemp-based products containing THC concentration levels below 0.3%.

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“I know it does need to be removed, but based on the political climate and our administration here in the Capitol, I don’t think it would ever go anywhere,” Rep. Dorothy Moon, R-Stanley, said during the committee’s Feb. 24 meeting.

After passing through the committee, the bill moves to the full House for a vote.

Legislative review: Houses passes bill taking away local control of renaming streets, removing monuments

Sex education opt in requirement

Parents would have to opt in before their kids could receive some sex education lessons in school under a bill the House passed on Friday.

The legislation, if enacted, would change existing state law that allows parents the option to prevent their children from receiving sex education lessons in school.

Under this law, parents would have to complete a written form two weeks prior to the sex education lesson. These are lessons that cover the topics of “sex, gender identity, sexual orientation, eroticism, sexual pleasure, or sexual intimacy.”

The House passed the legislation with a 56-12 vote.

Legislative review: Senate passes constitutional amendment prohibiting marijuana legalization

Defunding abortion providers

The House passed legislation on Tuesday that aims to prevent public funding from reaching abortion service providers of any kind.

House Bill 220 would prevent all levels of government — including cities, counties, school districts and public health districts — from contracting or participating in commercial transactions with abortion providers. The bill also prohibits public employees from assisting someone in receiving an abortion or counseling them about their abortion options.

The Associated Press reports that opponents to the legislation say it could prevent some women from accessing cancer screenings, birth control and other services offered by providers such as Planned Parenthood. Other lawmakers opposed to the bill because it didn’t ban abortion altogether.

After passing the House with a 55-14 vote, the legislation heads to the Senate.

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Source: https://www.google.com/url?rct=j&sa=t&url=https://magicvalley.com/news/local/govt-and-politics/legislative-review-senate-committee-passes-bill-that-could-reduce-regulatory-standards-for-farmers/article_538ab27c-0d6d-5db2-be78-65f0e9a98bb6.html&ct=ga&cd=CAIyGjYxZmRhODRmNjY4MjhhNTU6Y29tOmVuOlVT&usg=AFQjCNFRiIhtSagfLjb8FoGe3cbSWGZcUg

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Heartland

Legislative review: Senate committee passes bill that could reduce regulatory standards for farmers

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Legalizing hemp. A few days after delaying a vote on a bill to legalize industrial hemp in Idaho, the House Agricultural Affairs Committee … Checkout PrimeXBT
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Steve Dale's Pet World 3/7/2021 | CBD and pets, EveryCat Health Foundation, and more

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Steve Dale’s Pet World 3/7/2021 | CBD and pets, EveryCat Health Foundation, and more | WGN Radio 720 – Chicago’s Very Own




























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Source: https://www.google.com/url?rct=j&sa=t&url=https://wgnradio.com/steve-dales-pet-world/steve-dales-pet-world-3-7-2021-cbd-and-pets-everycat-health-foundation-and-more/&ct=ga&cd=CAIyGjQ2MzM1ZTBkNWQyZmIyYzc6Y29tOmVuOlVT&usg=AFQjCNFrFnZSVSjKLlcsHvRDtaGCqab15g

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