EDMONTON - Aurora Cannabis Inc. is reporting 20 per cent higher revenue and a 33 per cent lower net loss for the first three months of 2019 compared with the last quarter of 2018. The Edmonton-based company credited higher production and sales for a $158-million loss on net revenue of $65 million, compared with a loss of $238 million on revenue of $54 million in the prior quarter. Cannabis seedlings at the new Aurora Cannabis facilty Friday, November 24, 2017 in Montreal.Aurora Cannabis Inc. is reporting 20 per cent higher revenue and a 33 per cent lower net loss for its most recent quarter compared with the last quarter of 2018. ( Ryan Remiorz / THE CANADIAN PRESS )Analysts had expected a net loss of $52.6 million on net revenue of $77 million in the quarter ended March 31, according to Thomson Reuters Eikon. It says Canadian consumer revenue rose 37 per cent to $29.6 million, exceeding medical revenue of $29.1 million, which was up 12 per cent.

Source: thestar May 15, 2019 00:00 UTC