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Aurora Cannabis

All articles tagged with #aurora cannabis

"GM Taps Former Tesla Exec Kurt Kelty to Lead EV Battery Unit"
business2 years ago

"GM Taps Former Tesla Exec Kurt Kelty to Lead EV Battery Unit"

Cineplex Inc. reports a $9 million loss in its fourth quarter despite increased theatre audiences from Taylor Swift; EU approves the AI Act with global implications for Big Tech; Aurora Cannabis Inc. announces a $25.2 million net loss as it buys Australian medical pot firm; Bombardier forecasts lower-than-expected free cash flow for 2024, but ramps up plane sales and forecasts growth despite supply chain snarls; Thomson Reuters reports a Q4 profit and revenue increase, raising its quarterly dividend by 10%.

Aurora Cannabis Achieves Record Positive EBITDA in Q2 2024
business2 years ago

Aurora Cannabis Achieves Record Positive EBITDA in Q2 2024

Aurora Cannabis has announced its fiscal Q2 2024 results, reporting a record positive adjusted EBITDA of $3.4 million. The company saw a 30% year-over-year increase in net revenue, reaching $63.4 million, with strong growth of 42% in global medical cannabis. Aurora also highlighted its net cash position of over $200 million and reaffirmed its target of achieving positive free cash flow in calendar year 2024. The company plans to capture $40 million in annualized cost efficiencies during fiscal 2024 and expects to repay the remaining balance of its convertible senior notes in February 2024.