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Aurora Cannabis Inc ACB

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Aurora Continues to Make Progress on Cost Cuts in Q4, but Risk-Adjusted Upside Is Limited

Analyst Note

| Kristoffer Inton |

Similar to its first fiscal quarter, Aurora Cannabis continued to reduce overhead costs and capital spending while enjoying strong top line growth in the second quarter. Cannabis net revenue was up 11% over the prior year quarter to CAD 70 million, with particularly strong contributions from the international medical market where sales were up 562%.

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Company Profile

Business Description

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that include Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ‘71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.

4818 31 Street East, Edmonton International Airport
Edmonton, AB, T9E 0V6, Canada
T +1 844 928-7672
Sector Healthcare
Industry Drug Manufacturers - Specialty & Generic
Most Recent Earnings Dec 31, 2020
Fiscal Year End Jun 30, 2021
Stock Type
Employees 2,380