Aurora Cannabis Inc (CVE:ACB) Q3 2017 Sales At $5.2 Million


Aurora Cannabis Inc (CVE:ACB) reported its operational and financial results for the quarter closed March 31, 2017. For Q3 2017, revenue came at $5.2 million against $0.2 million in the same period, a year ago. This jump in revenue reflect considerable 33.3% sequential growth over previous quarter, led by higher revenue per patient and increased patient numbers. The firm’s current sales pace surpassed $2 million per month.

The buzz

Aurora continues to do well on different aspects of its growth plan, including the construction of an advanced production facility, national and global expansion, and sustained investments in technology, partnerships, innovation, sales and marketing and customer service. Terry Booth, the CEO, reported that the tabling this spring of lawmaking to approve adult use of cannabis authorizes company’s aggressive growth and expansion plan.

The progress of timelines and construction to complete Aurora Sky facility places them remarkably well for the projected start of adult customer sales by July 2018. Booth added that Aurora premium cannabis offerings continue to resonate well with the fast growing medical market.

Following a remarkable patient growth rate for the initial one year of commercial activities, demand continues to surpass available supply. The management has pro-actively managed new registrations in Q3 2017 to meet demand with the steadily surging production capacity to ensure Aurora protect its place as a premium supplier.

Booth added that as the capacity increases and more items becomes consistently accessible, they expect patient acquisition will continue its steady growth. They are extremely thrilled to have started cannabis oil sales after the quarter closed. They have recorded a brisk start, and they project it to be a key contributor to revenues, allowing them to capture considerable share in this fast growing division of the cannabis market.

In the last trading session, the stock price of Aurora declined more than 1% to close at $2.48.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.