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Wednesday, May 15, 2019

=Aurora Cannabis (ACB) reported earnings on Wed 15 May 2019 (b/o)

Aurora Cannabis misses by CAD0.05, misses on revs
  • Reports Q3 (Mar) loss of CAD0.11 per share, CAD0.05 worse than the S&P Capital IQ Consensus of (CAD0.06); revenues rose 20.3% year/year to CAD65.2 mln vs the CAD67.5 mln S&P Capital IQ Consensus.
  • Outlook
    • The Aurora Sky and Bradford facilities are now operating at full capacity. With this, the Company's annualized production run rate across its operational facilities is in excess of 150,000 kg per annum, based on planted rooms.
    • Aurora reiterates its target for Q4 with production available for sale in excess of 25,000 kg. Management intends to allocate a portion of this capacity to its inventory for manufacturing new products. Aurora remains focused on having vapes and certain edibles ready for launch under new regulations in the Canadian consumer market which are expected toward the end of the calendar year.

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