Aurora Cannabis sold 9 metric tons of pot last quarter, but also saw a big increase in red ink.
Aurora Cannabis Inc. sales and losses both grew faster than expected in its fiscal third quarter, according to an earnings report released late Tuesday that sent shares about 2% lower in after-hours trading.
Compared with the fiscal second quarter, when the company sold its first recreation pot in Canada, net revenue grew 20%. Aurora said it sold C$29.1 million of medical cannabis and C$29.6 million of recreational pot in the fiscal third quarter. Compared with the previous quarter, which was the first to include nearly three full months of legal Canadian recreational pot sales, Aurora grew recreational revenue 37%.
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