Aurora Cannabis has repaid an aggregate of approximately $7.2 million (US$5.3 million), representing the final payment on the principal amount of its convertible senior notes at a total cash cost of $7.4 million (~US$5.5 million), including accrued interest. Following the completion of this repayment, Aurora's remaining debt of $47.9 million relates to Bevo Farms Ltd.
"This final repayment represents a significant milestone for Aurora, as we have now fully paid off nearly $465 million in convertible debt," stated Miguel Martin, Chief Executive Officer of Aurora. "Our focus on balance sheet strength has saved the Company millions in interest, and we feel confident that our continued financial discipline will support the achievement of our target of positive free cash flow this calendar year," Mr. Martin added.
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Aurora
www.auroramj.com