Pot firm Aurora Cannabis jumps after it returns to profit in Q3

Aurora Cannabis

05/02/2025 15:39

** Shares of pot firm Aurora Cannabis  ACB.TO  soar 41% to
C$7.45
    ** Co posts Q3 profit compared to a year-ago-loss, helped by
strong performance at its global medical cannabis business
    ** Posts Q3 net income from continuing operations of $31.2
mln compared to a year-ago loss of $17.1 mln
    ** ACB's Q3 revenue rises to $88.2 mln from $64.4 mln last
year; medical cannabis revenue increases 51% to $68.1 mln in Q3
    ** TD Cowen analysts say the results show ACB's focus both
outside of the U.S. and the international medical cannabis
market is profitable
    ** "ACB has turned over a proverbial new leaf following the
reset in the cannabis industry, now with a focus on responsible
growth," - TD Cowen
    ** Co says it is now generating positive free cash flow of
$27.4 mln in Q3 compared to negative FCF last year
    ** In 2024, ACB stock fell 6% in 2024

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))