Aurora Cannabis Q2 revenues surge as it captures 20 per cent of Canadian sales - News Summed Up

Aurora Cannabis Q2 revenues surge as it captures 20 per cent of Canadian sales


Cannabis seedlings are shown at an Aurora Cannabis facility, Friday, November 24, 2017 in Montreal. 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 increased five-fold. ( Ryan Remiorz / THE CANADIAN PRESS )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 and $26 million in Canadian and international medical marijuana sales. Aurora criticized the federal government’s decision to impose a 10 per cent excise tax on cannabis sales, including for medical cannabis patients.


Source: thestar February 11, 2019 22:52 UTC



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