Aurora Cannabis (NYSE:ACB,TSX:ACB) released its financial results for the Q3 of its fiscal 2019 year.
As quoted press release:
“I’m exceptionally proud of our company and team as Aurora continues to deliver on our domestic and international growth strategy. We achieved solid revenue growth and strong operating results in a quarter proven challenging across the industry. We are laser focused on building a long-term sustainable business,” said Terry Booth, CEO. “During the quarter, we formally welcomed Nelson Peltz a key strategic advisor. He has been incredibly engaged, collaborative, and strategically focused on assisting our pursuit of growth in global markets and with mature companies in adjacent industries.”
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 kilograms per annum, based on planted rooms.
Aurora reiterates its target for Q4 with production available for sale in excess of 25,000 kilograms. 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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