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Dec 3, 2020

On November 16, 2020, Aurora Cannabis Inc. (TSX:ACB) (NYSE: ACB) completed a US$165 million
cross-border offering of units pursuant to a supplement to its base shelf prospectus. Each unit is comprised of one common share and one half of one common share purchase warrant.  The units were sold through a syndicate of underwriters led by Nesbitt Burns Inc. and ATB Capital Markets Inc. and including CIBC World Markets Inc.

Aurora Cannabis plans to use the net proceeds of the offering to fund growth opportunities, working capital, and other general corporate purposes.

Aurora Cannabis is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. The Company’s brand portfolio includes Aurora, Aurora Drift, San Rafael ‘71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, and Reliva CBD. Providing customers with innovative, high-quality cannabis products, Aurora’s brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched.

McMillan acted as Canadian legal counsel to Aurora Cannabis with a team led by Cory Kent (Capital Markets) and included Marina Tran, Jason Haley (Capital Markets) and Peter Botz (Tax).

McMillan’s leading Cannabis Practice Group provides innovative and practical solutions to clients in the cannabis industry. As one of the largest groups of its kind in Canada, our Cannabis Practice Group works closely with a wide range of industry participants, including licensed producers, retailers, investors, technology and other service providers, to help them succeed in the cannabis industry. Our group is made up of experienced professionals with significant in-depth knowledge. We understand the laws, regulations and business landscape of Canada’s cannabis industry, and provide clients with valuable legal solutions for financing, accessing public markets, licensing and regulation, employment law and workplace issues, mergers and acquisitions, tax structuring and intellectual property matters.