Aurora Cannabis says it has repaid the remaining balance of its convertible senior notes, a landmark in the Canadian producer’s efforts to cut its debt and save on interest payments.
Edmonton, Alberta-based Aurora still has 47.9 million Canadian dollars ($35.3 million) worth of debt related to Bevo Agtech, a vegetable and flower grower in which the company took a controlling interest in 2022.
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Aurora said it paid the final balance of CA$7.2 million in principal on its convertible senior notes for CA$7.4 million, including interest.
The company had signaled its plan to pay off the last of its convertible debt when it released third-quarter earnings in February.
“This final repayment represents a significant milestone for Aurora, as we have now fully paid
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