EXCLUSIVE: Aurora Cannabis CEO Discusses Record Earnings And Strategic Global Expansion (VIDEO)
Portfolio Pulse from Patricio Liddle
Aurora Cannabis Inc (NASDAQ:ACB) CEO Miguel Martin discussed the company's record earnings and strategic global expansion on Benzinga's Cannabis Insider podcast. Aurora reported its fifth consecutive quarter of adjusted EBITDA positivity, a 41% increase in international medical cannabis revenue, and a significant reduction in losses from the previous year. The acquisition of MedReleaf Australia is highlighted as a key move in Aurora's strategy, aiming to lead in high-margin, clinician-led markets. Aurora boasts a strong financial position with over $200 million in the balance sheet and no debt, focusing on innovation, quality, and patient care in the medical cannabis sector.
February 09, 2024 | 11:34 pm
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Aurora Cannabis Inc reported record earnings, a 41% increase in international medical cannabis revenue, and strategic acquisition of MedReleaf Australia, indicating strong financial health and strategic global expansion.
The positive earnings report, consecutive quarters of adjusted EBITDA positivity, and strategic acquisition signal strong operational performance and strategic positioning in the global market. This is likely to instill investor confidence and could lead to a positive short-term impact on ACB's stock price.
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