All dollar figures are in Canadian dollars unless otherwise noted.
Aurora Cannabis (ACB) is the second most valuable cannabis company in the world and has retaken second position in Canadian recreational cannabis market share after a strong March quarter. Operationally, Aurora is growing in both Canada and internationally, including producing nearly twice as much cannabis this quarter as last (15,590 kg; up 99% QoQ) and being one of only three companies to win a tender to cultivate medical cannabis in Germany.
Aurora earned $65.1 million in the March quarter, up 20% QoQ although slightly below analyst estimates of $67.5 million. Gross margins ticked upward to 56%, far ahead of larger peer
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