Aurora Cannabis' Q3 Report Is a Train Wreck
After much anticipation, the most popular cannabis stock on the planet, Aurora Cannabis (NYSE: ACB), lifted the hood on its fiscal third-quarter operating results this past Thursday, May 14.
For the quarter, Aurora managed to report $75.5 million Canadian in net sales, representing a 35% increase from the charge-laden CA$56 million in revenue recorded in the sequential second quarter. This 35% growth included a 24% jump in adult-use weed sales in the Canadian market, and a 6% increase in medical pot revenue.
Having previously forecast only modest sales growth in the sequential quarter, the 35% net sales increase (and 32% net cannabis revenue jump) handily topped expectations.
Source Fool.com
