AURORA CANNABIS (NYSE: ACB) (TSX: ACB) Q3 2020 RESULTS * LIVE * скачать в хорошем качестве

AURORA CANNABIS (NYSE: ACB) (TSX: ACB) Q3 2020 RESULTS * LIVE *

AURORA CANNABIS (NYSE: ACB) (TSX: ACB) Q3 2020 RESULTS * LIVE * - RICH TV LIVE - MAY 14, 2020 - Aurora Cannabis Announces Fiscal Third Quarter 2020 Results & Operational Reset Update CNW Group - 2 minutes ago -- Net revenue of $78.4 million, excluding provisions of $2.9 million, an increase of 18% over prior quarter -- Consumer cannabis net revenue of $41.5 million, excluding provisions, a 24% increase over prior quarter -- Cash cost to produce per gram of dried cannabis sold at $0.85, down from $0.88 in Q2 2020 -- Operational reset on track to deliver the Company's commitment to positive Adjusted EBITDA in Q1 2021 with significant improvement in SG&A run rate -- Improved cash position of $230.2 million; $154.6 million in Q3 cash use represents a 43% decrease over prior quarter NYSE | TSX: ACB Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today its financial and operational results for the third quarter of fiscal 2020 ended March 31, 2020. Michael Singer, Executive Chairman and Interim CEO of Aurora stated, "I am incredibly proud of the Aurora team for working through these challenging times in order to maintain uninterrupted operations at all of our production facilities and ensure we continue to meet the needs of our patients and consumers. I am also pleased that our third quarter 2020 financial results were in-line with our expectations, and that we remain firmly on track with the cost-savings and capex goals we detailed during our business transformation plan in February 2020." Since announcing the Business Transformation Plan on February 6, 2020, Aurora has taken a number of concrete steps which place Aurora firmly on track to meet or exceed previously announced targets. These steps are designed to strengthen Aurora's balance sheet and reduce go-forward costs, as the Company works to achieve profitability and positive cash flow. Management considers the following metrics to be key to the success of the operational reset and future profitability of Aurora: Net Revenue Growth; Maintains Market Share Leadership Position Net revenue, excluding provisions, of $78.4 million in Q3 2020 was up 18% quarter over quarter. Cannabis net revenue, excluding provisions, was $72.6 million, up 15% over Q2 2020. Consumer cannabis net revenue, excluding provisions, was up 24% from the prior quarter to $41.5 million, demonstrating the impact of the launch of Daily Special, Aurora's value brand, and a full quarter of Cannabis 2.0 products. Medical cannabis net revenue, both Canadian and international, showed healthy growth of 13.5% overall. The variables associated with the COVID-19 pandemic and the still-developing Canadian consumer market, including consumer buying behaviour and new store rollout, have led Aurora to focus on market share for the near term, rather than revenue targets, to manage the business. Aurora has established leading market share in key consumer categories in Canada, leads the Canadian medical market in revenue, and has significant market share in Germany. As such, the Company's goal is to gain market share where it can and remain well positioned to capture more share of the revenue growth of the various cannabis markets over time. LEARN TO TRADE JOIN THE RICH TV LIVE TRADING ACADEMY TODAY! JOIN ME DAILY TRADING GOLD, STOCKS, BITCOIN, OIL, FOREX, INDEXES AND SO MUCH MORE https://iM.Academy/corp/cjoin?enrolle... #AURORACANNABIS #RICHTVLIVE #RESULTS YOUTUBE SUBSCRIBE -    / richtvlive   www.richtvlive.com Disclaimer Rich TV's company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in Rich TV reports, company profiles, or other investor relations materials and presentations are subject to change. Rich TV and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. RICH TV LIVE INC. HAS BEEN COMPENSATED $800 FOR MEDIA SERVICES. Stock market investing is inherently risky. Rich TV is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print. We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov.