NEWSWIRE SERVICES

Aurora Cannabis Completes $115 Million Financing

Special Warrants Convertible into 6% Unsecured Convertible Debentures at $6.50 Per Common Share
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
TSX: ACB
VANCOUVER , Nov. 28, 2017 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (ACB.TO) today announced that, further to its news release dated November 16, 2017 , the Company has completed its offering of 115,000 special warrants (the "Initial Special Warrants"), including the exercise, in full, of the over-allotment option (the "Special Warrants"), through Canaccord Genuity Corp. ("Canaccord Genuity" or the "Agent") for gross proceeds of $115 million (the "Offering").
Each Special Warrant shall be automatically exercisable (without payment of any further consideration and subject to customary anti-dilution adjustments) into $1,000 principal amount of 6% unsecured convertible debentures of the Company (the "Debentures") on the date (the "Automatic Exercise Date") that is the earlier of: (i) the date that is three business days following the date on which the Company obtains a receipt from the applicable securities regulatory authorities in Canada (the "Securities Commissions") for a (final) short form prospectus qualifying the distribution of the Debentures issuable upon exercise of the Special Warrants (the "Qualification Prospectus"), and (ii) the date that is four months and one day after the closing date.
The Debentures will have a maturity date of 5 years from the Closing Date of the Offering (the "Maturity Date") will bear interest from the Automatic Exercise Date at 6% per annum, payable semi-annually on June 30 and December 31 of each year. The Debentures will be convertible, at the option of the holder, into common shares of the Company ("Common Shares") at any time prior to the close of business on the Maturity Date at a conversion price of $6.50 per Common Share (the "Conversion Price").

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