More dilution could be on the way for beleaguered shareholders of Aurora Cannabis (ACB). The company gave note of a preliminary prospectus, which over the next 25 months authorizes the Canadian cannabis player to issue up to US$500 million in securities. The prospectus also noted exhaustion of the company’s ATM, through which it has raised gross proceeds of US$214.7 million since its fiscal fourth quarter.Aurora might have all sorts of issues, but it is an expert at issuing shares. Over the past 6 years, the share count has increased by almost 9,250%.Jefferies analyst Owen Bennett is not surprised by the …read more
Source:: Yahoo Finance
