Aurora Cannabis records $67.2 million net loss in second quarter
EDMONTON — Aurora Cannabis Inc. says it incurred a $67.2 million net loss in its most recent quarter.
The Edmonton-based cannabis company says the net loss in what was its second quarter compared with $75.1 million for the same period in the prior year.
Aurora attributes the decrease in its net loss from the same time the year before to foreign exchange gains, lower operating expenses and a drop in property, plant and equipment charges.
Its net revenue for the period ended Dec. 31 totalled $61.7 million compared with $60.6 million a year before.
Consumer cannabis net revenue was $14.6 million, a two per cent increase from the second quarter of its last financial year.
Medical cannabis revenue fell 14 per cent over the same time period to reach $39.5 million.
This report by The Canadian Press was first published Feb. 9, 2023.
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Provided Content: Content provided by Canadian Press. The Globe and Mail was not involved, and material was not reviewed prior to publication.
