Aurora Cannabis (TSXV:ACB) has announced that it has entered into an agreement with agents led by Canaccord Genuity, pursuant to which it will issue on a private placement basis up to $25 million aggregate principal amount of unsecured convertible debentures at $1,00 per principal amount. As quoted in the press release: The Debentures will bear interest from the date of closing at 8% per annum, payable semi-annually on June 30 and December 31 of each year. The Debentures will have a maturity date of 24 months from the Closing Date of the Offering (the "Maturity Date"). Net proceeds from the Offering will be used primarily towards the Company's planned capacity expansion, and for general working capital purposes. "This Offering, following our financings in August and September, will place Aurora in an extremely powerful financial position, with a current cash balance in excess of $45 million available to pursue all our strategic initiatives," said Terry Booth, CEO.