Aurora Completes Final Repayment Of Convertible Senior Notes; Cannabis Operations Are Now Debt Free

Aurora Cannabis Inc. (“Aurora” or the “Company”) (NASDAQ:ACB) (TSX:ACB), the Canada-based leading global medical cannabis company, today announced that it 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 (“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 debt1 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.

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offering would be unlawful.