Aurora Cannabis rises on strong Q1 results

Aurora Cannabis

07/08/2024 13:32

** U.S.-listed shares of pot firm Aurora Cannabis  ACB.TO 
 ACB.O  up 11.4% at $6.55 premarket
    ** Co reports positive first-quarter free cash flow (FCF) of
C$6.5 mln vs negative FCF of C$11.7 mln a year ago
    ** Quarterly revenue was up 11.6% at C$83.4 mln from prior
year, beating estimates of C$77.2 mln - LSEG 
    ** Rise was helped by growth in medical cannabis business
and its plant propagation business
    ** Quarterly adjusted core profit jumped 86.6% to C$4.9 mln,
beating estimates of C$4.2 mln - LSEG
    ** "We look forward to building on our achievements in key
markets such as Germany, Australia, and the UK throughout fiscal
2025 and beyond" - CEO Miguel Martin
    ** Up to last close, shares were up 23.5% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))