|Bid||10.63 x 4000|
|Ask||10.68 x 3200|
|Day's Range||10.22 - 10.74|
|52 Week Range||3.71 - 26.40|
|Beta (5Y Monthly)||3.26|
|PE Ratio (TTM)||49.31|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Canadian cannabis grower Aurora Cannabis (NYSE: ACB) dropped today after the company announced a new share offering. Aurora announced that it will be issuing 12 million new shares, plus additional warrants to purchase shares. Aurora will use the $125 million in proceeds "for general corporate purposes, which may include opportunistically reducing debt."
Aurora Cannabis (NYSE: ACB) announced yesterday that it has raised $125 million by issuing 12 million units priced at $10.45 each through a financing strategy called a "bought deal." The units are one share of the marijuana grower's stock and one half of a share's purchase warrant that can be exercised anytime over the next three years to acquire a full share of stock at a price of $12.60 per warrant share. BMO Capital Markets and ATB Capital Markets will be acquiring the units and have another 30 days to acquire an additional 10% of the total at the same terms if there is an overallotment.
Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and two other Canadian small-cap stocks that investors should look to buy right now. The post 3 Canadian Small-Cap Stocks to Buy for 2021 appeared first on The Motley Fool Canada.