Aurora cannabis repurchases ~us$23 million principal amount of convertible notes; balance sheet among strongest in industry

Nasdaq | tsx: acb balance sheet remains in net cash position, further strengthened with accretive debt reduction edmonton, ab , oct. 7, 2022 /prnewswire/ - aurora cannabis inc. (the "company" or "aurora") (nasdaq: acb) (tsx: acb), the canadian company defining the future of cannabinoids worldwide, today announced that it has repurchased an aggregate of approximately $31.3 million (us$23.0 million) principal amount of its convertible senior notes ("notes") at a total cost, including accrued interest, of $29.8 million (us$21.8 million) in cash. the purpose of the transaction, which represents a repurchase of a portion of the notes at a 5.45% discount to par value, was to reduce the company's debt and annual cash interest costs.
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