Aurora Cannabis Releases Strong Q1 2024 Financial Results Highlighting Substantial Adjusted EBITDA Growth
Portfolio Pulse from Joana Scopel
Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB) reported strong Q1 2024 financial results, with total net revenue reaching $75.1M, a significant increase from $50.1M in the prior year. The company also reported a 53% adjusted gross margin for cannabis net revenue, surpassing industry standards. The company's net loss decreased substantially to $28.3M from $618.8M in the same period of the previous year. The company's CEO, Miguel Martin, expressed optimism for the fiscal year 2024.
August 10, 2023 | 10:24 pm
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Aurora Cannabis reported strong Q1 2024 results, which could positively impact its stock price.
Aurora Cannabis reported strong Q1 2024 results, with significant increases in revenue and a substantial decrease in net loss. This positive financial performance could boost investor confidence and potentially lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100