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. 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. 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.

Source: CBC News February 11, 2019 22:52 UTC