Aurora Cannabis Inc (ACB)

[High420]

Debenture conversion 6% discount to VWAP Novemb18-20
The March debenture cnversion window is Nov. 18-20 and will result in 40M shares that may hit the market hard at the weakest time...look for contniued weakness in the stock as most cannabis investors are looking to get out cash and this is a chance to get out whole in a crashing market by shorting the stock and converting at a 6% discount. will be selling pressure until Nov 20

.On November 14, 2019, the Company announced that it has provided notice to all holders of Aurora’s $230.0 million 5% unsecured convertible debentures due March 9, 2020 (Note 12(i)) of an option to voluntarily convert their debentures at a temporarily amended early conversion ratio equal to $1,000 principal amount of the debentures divided by an amended early conversion price (the “Amended Early Conversion Ratio”). The amended early conversion price will represent a 6% discount to the average daily VWAP of Aurora’s common shares on both the Canadian and U.S. stock exchanges on a forward looking basis, as outlined in the indenture dated March 9, 2018, as supplemented by a first supplemental indenture, between the Company and Computershare Trust Company of Canada (the “Trustee”) governing the debentures (the “Indenture”), which has been filed under the Company’s profile on SEDAR at www.sedar.com. Debenture holders who opt in will be able to convert their debentures at the Amended Early Conversion Ratio during the period from November 18, 2019 to November 20, 2019 (the “Amended Early Conversion Option”) andwill receivethefollowingforeach$1,000principalamountofdebenturesconverted:(i)allcommonsharescontractuallydueundertheAmended Early Conversion Ratio, (ii) accrued and unpaid interest from the last interest payment date, being June 30, 2019, to, but excluding, November 25, 2019, payable in cash, and (iii) future unpaid interest from November 25, 2019, to, but excluding, the date of maturity of the debentures, being March 9, 2020, payable in cash. Debenture holders who do not convert under the Amended Early Conversion Option will retain their full rights under the Indenture governing the debentures.

Read more at https://stockhouse.com/companies/bullboard?symbol=acb&postid=30355030#oBQxTSULPpHeD4H3.99