VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 05/30/16 — Aurora Cannabis Inc. (CSE: ACB)(FRANKFURT: 21P)(WKN: A1C4WM)(OTCQB: ACBFF) (“Aurora” or the “Company”) announced its financial and operational results for the three and nine month periods ended March 31, 2016. Aurora is a Licensed Producer of medical cannabis under Health Canada’s Marihuana for Medical Purposes Regulations (MMPR).
Q3 Financial and Operational Highlights:
Events subsequent to Quarter-End:
“Our results reflect an exceptionally strong start as we scaled up our commercial operations with the commencement of product sales, and demonstrate that we are executing successfully on our business strategies,” said Terry Booth, CEO. “Subsequent to quarter-end, patient registration and product sales further accelerated, making Aurora one of the fastest-growing licensed producers in Canada and one of the most well regarded brands in the industry. Based on our organic growth, we believe we are tracking well towards achieving cash flow positive operations in record time. Cannabis cultivation and harvests have delivered consistent yield and product quality. Furthermore, low electricity, water and other input costs have enabled us to achieve the lowest production costs per gram of cannabis in the industry. These factors combine to position us to pursue further expansion of our registered customer base, the transition to profitability, and to establish Aurora as a leader in the cannabis sector.”
Financial Highlights
A comprehensive discussion of Aurora’s financials and operations are provided in the Company’s Management Discussion Analysis and Financial Statements filed with SEDAR and can be found on www.sedar.com.
Revenue
For the three and nine month periods ending March 31, 2016, the Company recorded revenues of $0.2 million, as compared to $nil for the comparable periods in the prior year. The Company commenced commercial sales in January 2016, and has experienced exceptionally strong traction in signing up and maintaining new patients. From the end of the period under review and the date of this release, Aurora has more than tripled its registered customer base.
Gross Profit
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