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Aurora Cannabis reports Q4 revenue expected to be between $50M and $55M

Jan 8, 2019 | 6:15 AM

EDMONTON – Aurora Cannabis says it expects to report second-quarter revenue of between $50 million and $55 million.

Analysts had expected revenue at the marijuana producer to total about $67 million for the quarter ended Dec. 31, according to Thomson Reuters Eikon.

Aurora says the result for the quarter is up from $11.7 million in the same quarter a year ago and better than the $29.7 million for the quarter ended Sept. 30.

The increase was driven by the start of the adult consumer use market in Canada in October and shipments of medical cannabis to Aurora’s base of roughly 71,000 patients in Canada.