Select Page

Aurora Cannabis revenues rise in Q2, led by strength in medical cannabis sales

Grow Opportunity, Media Partners

This post is presented by our media partner Grow Opportunity
View the full article here.

Edmonton — Aurora Cannabis Inc. says it earned $256,000 in the second quarter, up from a loss a year earlier of $45.5 million.

The Edmonton-based cannabis company says net revenue for the quarter was $63.4 million, up from $48.6 million during the same quarter a year earlier.

The company attributed the increase to growth in its global medical cannabis business and quarterly revenue in its plant propagation business.

CEO Miguel Martin says it was the company’s strongest fiscal year to date.


He says Aurora is experiencing the benefits of diversification across its cannabis and non-cannabis platforms.

The company’s net revenue from medical cannabis rose 42 per cent from a year earlier, while revenues from consumer cannabis were slightly lower.

This post was originally published by our media partner here.

Grow Up Toronto – May 27-29, 2024
Delta Hotels Toronto Airport & Conference Centre

Grow Up Alberta – Sept. 29 – Oct. 1, 2024
Edmonton Convention Centre • Edmonton, AB

News from Grow Up Media partners