EDMONTON – Aurora Cannabis Inc. says it earned $256,000 in the second quarter, up from a loss a year earlier of $45.5 million.<\/p>\n
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.<\/p>\n
The company attributed the increase to growth in its global medical cannabis business and quarterly revenue in its plant propagation business.<\/p>\n
CEO Miguel Martin says it was the company's strongest fiscal year to date.<\/p>\n
He says Aurora is experiencing the benefits of diversification across its cannabis and non-cannabis platforms.<\/p>\n
The company's net revenue from medical cannabis rose 42 per cent from a year earlier, while revenues from consumer cannabis were slightly lower.<\/p>\n
This report by The Canadian Press was first published Nov. 9, 2023.<\/span><\/em><\/p>\n Companies in this story: (TSX:ACB)<\/span><\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":362,"featured_media":769,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2023-11-09T07:34:23","updated":"2023-11-10T22:00:00","_infotelid":"IT101530","_prepressid":"101530","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[379,2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured3","category-in420","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"post_modified":"2023-11-10T22:00:00","post_modified_gmt":"2023-11-11T06:00:00","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/staging.infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID101530-8687.jpg","_links":{"self":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/users\/362"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/comments?post=770"}],"version-history":[{"count":2,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/770\/revisions"}],"predecessor-version":[{"id":3352,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/770\/revisions\/3352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/media\/769"}],"wp:attachment":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/media?parent=770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/categories?post=770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/tags?post=770"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/region?post=770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}