Aurora Cannabis (ACB) Reports Q3 Revenues of Cdn$78.4M

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Go back to Aurora Cannabis (ACB) Reports Q3 Revenues of Cdn$78.4M

Aurora Cannabis Announces Fiscal Third Quarter 2020 Results & Operational Reset Update

May 14, 2020 4:01 PM EDT

Net revenue of $78.4 million, excluding provisions of $2.9 million, an increase of 18% over prior quarter Consumer cannabis net revenue of $41.5 million, excluding provisions, a 24% increase over prior quarter Cash cost to produce per gram of dried cannabis sold at $0.85, down from $0.88 in Q2 2020 Operational reset on track to deliver the Company's commitment to positive Adjusted EBITDA in Q1 2021 with significant improvement in SG&A run rate Improved cash position of $230.2 million; $154.6 million in Q3 cash use represents a 43% decrease over prior... More