The prospectus comes after ACB said it had completed its previously filed at-the-market equity issuance program. Analyst Owen Bennett of Jefferies Financial Group said in a note to clients that the prospectus should ensure Aurora has enough cash to continue investing behind its top line for its Canadian operations while also looking at potentially expanding its presence in the U.S.
Aurora said it will also be providing additional preliminary quarterly sales figures for its upcoming Q1 results, predicting revenue at the high end of the $60-to-$64 million range.
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