Aurora Cannabis loses over $237M in Q2 even as revenues surge

PoppaPuff said:

I am so glad I got in super early and cashed out at a pretty good time. Guy at my work made 300k off Acb stock.


Whistler is my LP. All organic a few decent smokes there. They're otto2 cbd oil is top notch.

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PoppaPuff said:

Good stuff.

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PoppaPuff said:

Whistler site


OUR PHILOSOPHY We grow with integrity and a commitment to our patients to produce quality medication. Our philosophy is simple: Grow organic medical cannabis, in soil without the use of chemicals. OUR STORY Since day one of the MMPR we have been growing legal medical cannabis with the approval of Health Canada. We have always believed our medication should be organic, and since sowing our first seeds have been growing our plants naturally. Without giving too much away, our process is truly a labour of love. From cutting through to drying, each plant is individually watered, pruned and trimmed by BC’s finest hands to ensure consistency and quality. Over time our floor space has grown to allow us to produce more medication for more patients, but we still remain a local company true to our roots. We don’t have large corporate offices, or rely on call centers to handle our patients. You will get to know our team by name. When you contact us you will always be reaching us here in Whistler, at our facility that overlooks the mountains.

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PoppaPuff said:

Whistler site


OUR PHILOSOPHY We grow with integrity and a commitment to our patients to produce quality medication. Our philosophy is simple: Grow organic medical cannabis, in soil without the use of chemicals. OUR STORY Since day one of the MMPR we have been growing legal medical cannabis with the approval of Health Canada. We have always believed our medication should be organic, and since sowing our first seeds have been growing our plants naturally. Without giving too much away, our process is truly a labour of love. From cutting through to drying, each plant is individually watered, pruned and trimmed by BC’s finest hands to ensure consistency and quality. Over time our floor space has grown to allow us to produce more medication for more patients, but we still remain a local company true to our roots. We don’t have large corporate offices, or rely on call centers to handle our patients. You will get to know our team by name. When you contact us you will always be reaching us here in Whistler, at our facility that overlooks the mountains.

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CalyxCrusher said:

https://globalnews.ca/news/4950265/aurora-cannabis-q2-february-2019/amp/

Aurora Cannabis Inc. lost $237.7 million in the second quarter of its fiscal year even though net revenues surged to $54.2 million as sales of cannabis by weight increased six-fold.

The Edmonton-based company says that the loss attributable to common shareholders equalled 25 cents per diluted share, compared with a profit of two cents per share or $7.7 million a year earlier.

Net revenues for the three months ended Dec. 31 increased from $11.7 million in the second quarter of 2017.

The increase was driven by $21.6 million in consumer sales in Canada since recreational cannabis was legalized Oct. 17, and $26 million in Canadian and international medical marijuana sales. It produced 7,822 kilograms of marijuana and sold 6,999 kg.

READ MORE: Aurora Cannabis buying Whistler Medical Marijuana in deal worth up to $175M

Watch below: Vinesh Pratap got a look inside the Aurora Sky cannabis supplier facility in Edmonton. (Aired Oct. 9, 2018.)

The company was expected to lose $62.05 million or six cents per share on $51.84 million of revenues, according to analysts polled by Thomson Reuters Eikon.

Aurora’s average net selling price for dried cannabis was $6.23 per gram and $10 per gram for cannabis extracts.

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cannadan said:

might as well be a broiler chicken farm....plants jammed in like some livestock operations
its actually quite humorous to see such poor results from millions of dollars invested,
and then they report massive loses....rofl...
that picture explains a lot of things really....like a super diluted footprint of wasted light.....
due to height above the plant canopy... for vegging this crop....what a waste of light/money/and resources
to only produce a sub par swaggaria......

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