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Aurora Cannabis

All articles tagged with #aurora cannabis

business1 year 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%.

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.