EDMONTON – Aurora Cannabis Inc. says it earned $256,000 in the second quarter, up from a loss a year earlier of $45.5 million.<\/p>\n
The Edmonton-based cannabis company says net revenue for the quarter was $63.4 million, up from $48.6 million during the same quarter a year earlier.<\/p>\n
The company attributed the increase to growth in its global medical cannabis business and quarterly revenue in its plant propagation business.<\/p>\n
CEO Miguel Martin says it was the company's strongest fiscal year to date.<\/p>\n
He says Aurora is experiencing the benefits of diversification across its cannabis and non-cannabis platforms.<\/p>\n
The company's net revenue from medical cannabis rose 42 per cent from a year earlier, while revenues from consumer cannabis were slightly lower.<\/p>\n
This report by The Canadian Press was first published Nov. 9, 2023.<\/span><\/em><\/p>\n Companies in this story: (TSX:ACB)<\/span><\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" EDMONTON – Aurora Cannabis Inc. says it earned $256,000 in the second quarter, up from a loss a year earlier of $45.5 million. The Edmonton-based cannabis company says net revenue for the quarter was $63.4 million, up from $48.6 million during the same quarter a year earlier. The company attributed the increase to growth in […]<\/p>\n","protected":false},"author":362,"featured_media":769,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2023-11-09T07:34:23","updated":"2023-11-10T22:00:00","_infotelid":"IT101530","_prepressid":"101530","_multisite_post_sync":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[379,2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured3","category-in420","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":7}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/in420\/news\/770\/aurora-cannabis-revenues-rise-in-q2-led-by-strength-in-medical-cannabis-sales-2\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Aurora Cannabis revenues rise in Q2, led by strength in medical cannabis sales","url":"http:\/\/infonews.ca\/in420\/news\/770\/aurora-cannabis-revenues-rise-in-q2-led-by-strength-in-medical-cannabis-sales-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/in420\/news\/770\/aurora-cannabis-revenues-rise-in-q2-led-by-strength-in-medical-cannabis-sales-2\/"},"thumbnailUrl":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID101530-8687.jpg?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID101530-8687.jpg"},"articleSection":"featured3","author":[{"@type":"Person","name":"Howard Alexander"}],"creator":["Howard Alexander"],"publisher":{"@type":"Organization","name":"iN420","logo":""},"keywords":[],"dateCreated":"2023-11-09T15:34:23Z","datePublished":"2023-11-09T15:34:23Z","dateModified":"2023-11-11T06:00:00Z"},"rendered":"