Aurora Cannabis CEO: Company is on track to be profitable by fiscal 2023

Miguel Martin, Aurora Cannabis CEO, joins ‘Closing Bell’ to discuss its latest on the company’s earnings and on the potential for marijuana legalization. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

The cannabis company’s shares fell 3.7% in extended trading after the company reported a slight revenue miss in its quarterly results. Aurora recorded CAD $60.1 million compared to estimates of CAD $60.6 million. It also reported a 23% increase in sales of medical cannabis, however, sales of recreational cannabis declined 44%. Recreational cannabis makes up 95% of sales across Canada.

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3 Comments

  1. jasiel morales on November 12, 2021 at 1:06 pm

    Democrats ain’t gonna let Republican get the rights to Legalize weed. Everything is political and how Mrs Pelosi said. Nothing is better than something.



  2. Matt on November 12, 2021 at 1:07 pm

    LFG 🚀



  3. Daniel Liu on November 12, 2021 at 1:29 pm

    If ACB IPO’d today:

    It would be:
    – Profitable FY2030
    – Low margins. Not (60-80% SaaS)
    – TAM of Canadian based
    – Based in location where weed is legal

    Pretty much makes some SPACs look like a steal 😂