Edmonton, Alberta, November 10, 2020 (Globe Newswire) – ora Rora Cannabis Inc. (“Company” or “Ora Rora”) (NYSE | TSX: ACB), a Canadian company defining the future of cannabinoids worldwide, announced today that it will release its short form base shelf prospectus on October 28, 2020. Firing ”) will file an initial prospectus supplement (“ Initial Supplement ”). The company’s units (“units”) cost about 7. 7.50 per unit for a total revenue of approximately 125 125 million in the US.
Each unit will consist of one common share of the company (“” common stock “) and one common share purchase warrant of the company (each full common share purchase warrant,” warrant “). Each warrant will be a common share of the company (” and share rent share “). For a period of War0 months to be received, the warranty will be subject to adjustment in certain events after the expiration date of the offer at an exercise price of US 00 10,000 per share.
The final terms of the ering fringe have to be determined at the time of pricing. Whether ering furring can be completed or not, no guarantee can be given about the actual size or conditions of the fringe. The closure of Ering Firing will be subject to market and other financial conditions, including approval from the Toronto Stock Exchange and the New York Stock Exchange.
In addition, the company wants to give the underwriter a 30-day option for additional buyers of 15% of the units offered in the proposed Offering on the same terms and conditions. This option can be used by underwriters for additional units, common shares, rent or any combination of such securities.
The company expects a net amount, if any, to be used from Faring to fund growth opportunities, working capital and other general corporate purposes.
BMO Capital Markets and ATB Capital Markets are acting as bookers for the offer.
In each province of Canada except the initial supplementary Quebec, the Securities Commission or similar securities regulatory authorities and U.S. Form F will be filed with the Securities and Exchange Commission (SEC) as part of the company’s registration statement. U.S. / -10 (“Registration Statement”) under the Canada Multi-Jurisdictional Disclosure System. The initial supplement, the base shelf prospectus and the registration statement contain important detailed information about the company and the proposed ering fringe. Prospective investors should read the initial supplement, base shelf prospectus and registration statement and other documents that have been filed by the company for more complete information about the company and before making an investment decision.
Copies of the initial supplement, upon filing, and the Base Shelf Prospectus will be available on Cedar at www.sedar.com and copies of the initial supplement and registration statements will be available at EDGAR at www.sec.gov. Copies of the initial supplement, after filing, can also be obtained by contacting Base Shelf Prospectus and Registration Statements, BMO Capital Markets, Bampton Distribution Center C / O, Data Group Companies f Companies, 9195 Torbram Road, Bampton. Nt Ontario, L6S6H2 or by telephone (905) 791-3151 Extra 431 or by email at [email protected] or BMO Capital Markets Corp., Eaton: Equity Syndicate Division, 3 Times Square, 25th Floor, New York , NY 10036 (Eaton: Equity Syndicate), or by telephone at (800) 414-3627 or by email at [email protected]. Copies of such documents are also obtained by email from ATB Capital Markets Inc., ATN: Gail O’Connor, 410-585 8th Ave SW, Calgary, Alberta, T2P1G1, (403) 539-8629 or by email from ATBC_Delflow @ ATB. Can be. Community.
No Securities Regulatory Authority has approved or denied the contents of this press release. This press release is for informational purposes only and will not constitute a sale or purchase or offer fur, or the sale of these securities in any state or jurisdiction in which such offer fur, request or sale would be illegal. Registration or qualification under any such state or jurisdiction security law Before.
About Aurora
Aurora is a global leader in the cannabis industry, serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Ora Rora is a leader in global cannabis, dedicated to helping people improve their lives. The company’s brand portfolio includes Ora Rora, .Rora Drift, San Rafael ’71, Daily Special, Altavi, Madreleaf, Kenimed, Whistler and Reliva CBD. Providing customers with innovative, high-quality marijuana products, ur Rora’s brands are breaking down as industry leaders in the medical, performance, wellness and entertainment markets wherever they are launched. For more information, please visit our website www.auroramj.com.
Common shares of AC Rora trade on the TCX and NYSE under the “ACB” symbol, and are a component of the S&P / TSX Composite Index.
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Forward looking statements
This news release contains statements containing “further information” in the sense of applicable security laws (“Looking forward to the statementsForward looking statements are often categorized by terms such as “plan”, “continue”, “expectation”, “project”, “objective”, “confidence”, “expectation”, “estimate”, “may”. “Will”, “Probable”, “Notified” and other similar words or statements that certain events or situations may “happen” or “happen”. , Pricing, and ering furring are completed and the revenue of ering furring is expected to be utilized. These forthcoming statements are merely predictions. Various assumptions were used in drawing conclusions during this news release or in making estimates contained in the next appearance statement. Statements, management experience and Historical historical trends, current conditions and statements are based on management’s opinion, estimates and management assumptions in terms of expected growth at the time they arrive, such as current and future market conditions, abil current expectations, ability to achieve margin margin revenue in Canadian consumer market, current And future regulators Maintaining SG and A costs commensurate with the environment and future approvals and permits. Forward-looking statements are subject to various risks, uncertainties and other factors that management considers to be relevant and reasonable in circumstances, which may be physically different from actual events, results, level of activity, performance, prospects, opportunities or achievements. U.S. Market entry, the ability to realize the expected benefits associated with the acquisition of Reliva, the acquisition of Ora Rora’s business transformation plan, general business and economic status, changes in legislation and rules under the heading “Risk Factors” in the company’s annual information form, demand for products, changes in commodity prices, competition, COVID-19 epidemic effects and responses to it and other risks, uncertainties and factors. , 2020 (The “AIF“) And filed with Canadian Securities Regulators which is available on Cedar on the company’s issuer profile at www.sedar.com and filed and available on the SEC’s website at www.edgar.gov. The Company warns that the risks described in the AIF, The list of uncertainties and other factors is incomplete and other factors may adversely affect its results. Readers are urged to carefully consider the risks, uncertainties and assumptions in evaluating further statements and not to place undue reliance on such information. The Company is not under any obligation, and expressly disclaims any intent or liability to correct or modify any forward-statements, as a result of new information, future events or otherwise, unless expressly required by any safety regulations.
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