EDMONTON — Aurora Cannabis Inc. has signed a loan deal with the Bank of Montreal for up to $250 million.
Aurora chief executive Terry Booth called the Aurora loan deal the largest traditional debt facility in the cannabis industry to date.
Under the agreement, Aurora will receive a $150-million term loan and a $50-million revolving credit facility, both of which will mature in 2021.
BMO will also provide up to $5 million in other credit instruments.
The debt facility will be primarily secured by Aurora’s production facilities.
Companies in this story: (TSX:ACB, TSX:BMO)
The Canadian Press
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