Aurora Cannabis sees Q1 revenue coming in at high end of $60 million to $64 million range

Aurora Cannabis Inc. said Friday it expects its fiscal first-quarter revenue to come in at the high end of its guidance of $60 million to $64 million. The Canadian cannabis company said it expects to have the financial flexibility after filing a shelf registration to raise up to $500 million in securities to be in full compliance with all financial covenants as of Sept. 30 under an amended credit facility. "Aurora's relationship with the lending syndicate remains strong and there are no new obligations to repay any portion of the credit facility until its stated maturity date," the company said in a statement. U.S.-listed shares were down about 1% premarket and have fallen 84% in the year to date, while the Cannabis ETF has fallen 29% and the S&P 500 has gained 2.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.