EDMONTON — Aurora Hashish Inc. says it incurred a $164.7-million internet loss in its newest quarter and can now embark on a plan to generate thousands and thousands in annualized value efficiencies.
The web loss the Edmonton-based pot firm reported in its third-quarter in contrast with a $139.3-million loss in the identical quarter the yr earlier than.
This quarter’s loss amounted to 85 cents per share within the quarter ended March 31 in contrast with a lack of $1.40 final yr.
Aurora says its internet income reached $55.2 million within the third quarter, down from $73.5 million final yr.
The corporate was anticipated to report a internet lack of 21 cents per share on revenues of $68.5 million, in response to monetary knowledge agency Refinitiv.
Aurora introduced its earnings because it additionally unveiled a plan to speed up between $60 million and $80 million in annualized value efficiencies over the following 12 to 18 months.
This report by The Canadian Press was first revealed Could 13, 2021.
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The Canadian Press