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Edmonton, AB — September four, 2018 — /D.M.O. Newswire/ — Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX:ACB) (OTC:ACBFF) (FRA:21P) currently 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. Incorporated in the facility is an selection 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 particular legal and company situations.
The debt facility is mostly secured by Aurora’s production facilities, which includes 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 make in excess of 100,000 kg per year of higher-high quality, low-expense 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 demands and prospective. This is each a reflection of the swiftly maturing nature of the broader cannabis sector and robust validation of the financial prospective of Aurora’s very best-in-class, technologically sophisticated production facilities,” mentioned Terry Booth, CEO of Aurora. “With BMO and the syndicate lenders, Aurora gains important runway to expansion possibilities that will positively contribute to our lengthy-term margin profile and present accelerated entry into a number of international markets. This extra capital positions us effectively to continue constructing the pre-eminent worldwide cannabis corporation 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 effectively as a thorough evaluation of Aurora’s projected income development across all of our divisions. With our incredibly robust balance sheet, Aurora is effectively positioned to execute on our company method, which includes accelerated improvement and launch of new goods, 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 with no 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 proper 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. Added 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 1 of the world’s biggest and major cannabis firms. Aurora is vertically integrated and horizontally diversified across every single important 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, residence cultivation, wholesale and retail distribution.
Hugely differentiated from its peers, Aurora has established a uniquely sophisticated, constant and effective production method, primarily based on goal-constructed facilities that integrate major-edge technologies across all processes, defined by in depth automation and customization, resulting in the huge scale production of higher high quality solution at ultra-low expenses. Intended to be replicable and scalable globally, these production facilities are made to make cannabis of important scale, with higher high quality, sector-major yields, and ultra-low per gram production expenses. Every single of Aurora’s facilities is constructed to meet European Union (EU) GMP requirements, and its 1st production facility, the lately 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 contains 10 firms 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 selection and employer of selection in the worldwide cannabis sector, possessing invested in and established strategic partnerships with a variety of major innovators, which includes: 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 far more info about Aurora, please stop by our investor internet site, investor.auroramj.com, Twitter, Facebook or Instagram.
Terry Booth, CEO Aurora Cannabis Inc.
Forward Searching Statements
This news release contains statements containing particular “forward-hunting information” inside the which means of applicable securities law (“forward-hunting statements”). Forward-hunting statements are regularly characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other comparable words, or statements that particular events or situations “may” or “will” happen. These statements are only predictions. Many assumptions have been utilized in drawing the conclusions or generating the projections contained in the forward-hunting statements all through this news release. Forward-hunting statements are primarily based on the opinions and estimates of management at the date the statements are created, and are topic to a range of dangers and uncertainties and other variables that could bring about actual events or benefits to differ materially from these projected in the forward-hunting statements. The Firm is below no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-hunting statements, whether or not as a outcome of new info, future events or otherwise, except as expressly needed 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.

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