Aurora Cannabis (ACB) 2019 Q1 Explained - RICH TV LIVE
Channel: RICH TV LIVE
Date: 13/11/2018

Aurora Cannabis (ACB) 2019 Q1 Explained - RICH TV LIVE - November 12, 2018 - Today I break down the Aurora Cannabis Q1 Financials.  Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX |NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM), announced today its financial and operational results for the first quarter ended September 30, 2018.

Q1 2019 Financial and Operational Highlights

(1) Cannabis revenue for Q1 2019 was comprised of revenues from both medical and adult-use markets (adult use revenues of $0.6 million reflect only Aurora’s initial shipments received by provinces in final days of September 2018 and took place prior to Aurora Sky receiving its sales license on October 17, 2018). Q4 2018 and Q1 2018 cannabis revenues were comprised solely of revenues from medical cannabis

(2) Represents the gross margin on cannabis sales before fair value adjustments

(3) Represents the cash cost of sales and cost to produce per gram sold of dried cannabis produced by Aurora

(4) Represents the average net selling price per gram of dried cannabis or per gram of dried cannabis equivalent.

Commencement of Sales to Canadian Adult Consumer Use MarketOn October 17, 2018, sales of cannabis for adult consumer use in Canada, legalized through Bill C45, commenced. Aurora recorded a strong performance, ranking top or among the top selling products and brands in many of the provinces the Company committed to supplying, for the first two weeks to October 31, 2018.

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