Aurora Cannabis slashes Q1 net loss as hunt for savings continues
It attributed the dramatic decrease seen in the three months ended June 30 to lower impairment charges and operating expenses along with an increase in gross profit.Some $41.6-million of that net revenue came from Aurora’s medical cannabis business, while $13.2-million was attributable to consumer cannabis.
Aurora previously said it’s looking for another $40-million in savings to add to the $400 million it estimates its ongoing transformation plan has uncovered.Checking box will enable automatic data updates.
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