While companies have seen exploding revenue and growth figures, something which Aurora has seen thanks to their aggressive expansion and MA strategy, the company still isn’t profitable as it loses C$238 million in their second quarter. CEO Terry Booth was happy with the way the company performed during the period. TD Asset Management Inc. purchased a new position in shares of Aurora Cannabis during the 4th quarter worth approximately $16,657,000.
While net revenue increase to $54.2 million, up 83 percent from last quarter and up 363 percent last year in 2018, overall selling prices were negatively impacted through excise taxes introduced back in October of last year.
But more of the company’s revenue still came from sales to the medical market – Aurora generated $25.9 million in revenue from sales to the Canadian and global medical cannabis markets, and $21.6 million from from domestic adult-use sales. The Company reiterates its