Earnings ·
Aurora Cannabis reported fiscal 2027 first quarter net revenue of $67.6 million, a 9% decline from the prior year…
ACBAurora Cannabis Inc
Aurora Cannabis reported fiscal 2027 first quarter net revenue of $67.6 million, a 9% decline from the prior year period, driven by lower Canadian medical cannabis sales and the wind-down of its consumer business. International medical cannabis revenue grew 17% to $43.3 million, offsetting a 25% drop in Canadian medical revenue caused by reduced federal reimbursement rates. The company posted a net loss from continuing operations of $4.0 million and adjusted EBITDA of $3.4 million. Aurora maintains a strong balance sheet with $149.1 million in cash and no debt, while expecting sequential improvements in the second quarter. The company operates in the global medical cannabis industry.