Aurora Cannabis Projects Q2 Revenue of $50 million – $55 million

James West

Aurora Cannabis Inc (TSX:ACB) (NYSE:ACB) (FRA:21P) today announced projected revenue for Q2 2019 of between $50 million and $55 million – up from $11.7 million in the same quarter previous year.

The company also said in its press release that it expects to achieve positive EBIDTA, and plans to discuss its Q2 results in a conference call scheduled for February 11th.

Terry Booth, Aurora CEO said, ““Aurora continues to execute effectively across all market segments, as demonstrated by its revenue growth anticipated to exceed 68% as compared to last quarter, supported by continued strong performance in the Canadian adult consumer use market. Our consistent and high-quality
production continues to significantly ramp up as expected, fueling even further growth. Going forward, we see
sustained strong demand from the adult usage market, as evidenced by public statements from the Canadian
provinces, as well as strong patient-driven demand for medical cannabis in Canada and abroad. These factors,
together with our focus on disciplined management of operating expenses, and our growing portfolio of higher
margin products, put us in a position to rapidly achieve positive EBITDA within the next two quarters.”

Aurora Chief Corporate Officer Cam Battley will be live in Midas Letter studios today at 12 noon to discuss this press release and its contents. Midas Letter will also be publishing the latest site visit video from Aurora Sky today shortly before the interview.

James West

James West

Editor and Publisher

James West founded Midas Letter in 2008 and has since been covering the best of Canadian and US small cap companies. He covers global economics, monetary policy, geopolitical evolution, political corruption, commodities, cannabis and cryptocurrencies. As an active market participant, James is not a journalist and is invariably discussing markets...
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