Exclusive Content:

Home Office Blunder: Thousands of Deportation-Intended Migrants Missing Before Rwanda Flights

A recent revelation has cast a glaring spotlight on...

Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15

The end-of-year holidays have just ended and it is...

Weather: what will the weather be like in February, March and April?

At the start of 2024, the temperatures on the...

Aurora Cannabis Reduces First Quarter Net Loss

spot_img

(Edmonton) Aurora Cannabis trimmed its net loss by $590.4 million in its most recent quarter as the company continued to focus on cost-saving opportunities.

The Edmonton-based marijuana company said its first-quarter net loss was $28.3 million, compared with a net loss of $618.8 million a year earlier.

Aurora Cannabis attributed the improvement seen in the three months ended June 30 to lower impairment charges and operating expenses as well as an increase in gross profit.

Net revenues for the quarter totaled $75.1 million, compared to $50.1 million in the corresponding period a year earlier.

Some $41.6 million of that net revenue came from Aurora’s medical cannabis business, while $13.2 million was attributable to recreational cannabis.

Aurora previously said it was looking for an additional 40 million in savings to add to the 400 million it estimates it has achieved through its ongoing transformation plan.

Latest articles

Tragic Crash at White House Perimeter Gate Claims Driver’s Life, Secret Service Clarifies Incident

Tragic Accident at White House Gate In a tragic turn of events, a driver lost...

Anne Hathaway Captivates in The Idea of You: A Deep Dive Film Analysis

Anne Hathaway's Compelling Performance: Delving into the Heart of "The Idea of You" Anne Hathaway's...

Nvidia and AMD Stocks React as Semiconductor Sector Faces Turbulence

The semiconductor market experienced significant fluctuations as Nvidia and AMD stocks reacted to industry...

Adrian Newey Announces Departure: Red Bull Racing Faces Transition in F1 Design Leadership

End of an Era: Adrian Newey Announces Departure from Red Bull Racing In a significant...

More like this

Home Office Blunder: Thousands of Deportation-Intended Migrants Missing Before Rwanda Flights

A recent revelation has cast a glaring spotlight on the Home Office, as it...

Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15

The end-of-year holidays have just ended and it is nice to benefit from an...

Weather: what will the weather be like in February, March and April?

At the start of 2024, the temperatures on the thermometer are enough to make...