Reitator adjusted eBitda Profitability Run Rate By
Reaffirms to in Annualized Cost Savings by
Stringthens Balance Sheet Through Accretive Debt Reduction Totaling in Q4 2022
Completed Profitable Acquisition of Thrive Cannabis and Majority Investment in Bevo Farms
And Fiscal Year Ended.
Ornamental PlanTs in, and Thrive Cannabis, Which IS Widly Known for its Award-winning recreational brand, Greybeard, "Stated, Chief Executive Officer of Aursora.
Consumers and Driving Meaningful Improvements in Yield, "He Concluded.
FourTh Quarter 2022 Highlights (Unless Otherwise State, Comparisons are Made Between Fiscal Q4 2022, Q4 2021 Results and are in Canadian Dollars
Medical Cannabis:
LOWER SALES in the EU Region, The Result of a Tempory Limited Supply of High-Demand Cultivars, and the Weakening of the Euro to the Canadian Dollar.
In the high-margin eu region in Q4 2022.
Consumer Cannabis:
Then, then
Q4 2021 was due primarily to an increase in value segment vape sales.
Selling, General and Administrative ("SG & A"):
R & D Continued to Be Well Controlled at Versus in the Prior Quarter and in the Prior Year Period, Presented on a Comparable Basis. SG & A is now at the lowEvel in almost food.
Consolidated:
Reflecting the Higher Proportion of Consumer Market Revenue in Q4 2022 Results.
From the consumers business.
In the Company’s Sales Channel Mix Which Yieldd Lower Average Network Network Prices.
drawn down for product-related savings.
At, the company had of cash, including in restricted cash, and no secured term debt.
FISCAL 2023 Will Comprise of Three Quarters, With the New Fiscal Year End Being.
The Company Continues to Material IMPROVE CASH USE, as outLINED in the Following Table:
Key Quarterly Financial and Operating Results
Then, then
Conference call details
This weblink has attributed to the company’s "Investor Info" Link at https://investor.auroramj.com/ Under "News & Events".
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Aurora’s Common Shares Trade On the Nasdaq and TSX Under The Symbol "ACB".
", Project", "Intend", "Believe", "Anticipate", "Estimate", "May", "Will", "Potential", "PROPOSED" and Other Similar Words, or Statements That CERTAIN EVENTS "May "or" Will "OCCUR. Forward-LOOOKING Statents Made in this News related Include, but are not limited to, statements with resin to:
Pro Forma Measures Including Revenue, Cash Flow, Adjusted Gross Margin BeFore Fair Value Adjustments, and Expected Sg & A Run -Rates;
The Company’s Ability to Execute on its business transition plan, and the path and timing to the achieve adjusted ebitda propitability;
Anticipated Cost Savings and Planned Cost Efficiencies Including, But Not Limited To, The Repurposing of the Aurora Sky Facility;
The Acquisition of Thrive and Associated Benefits, Including Advancement of the Company’s Premiumization Strategy;
The Majority Investment in Bevo Farms and Associated Benefits;
Future Growth Opportunities;
The Company’s Leadership in the Global Medical Cannabis Market, and that segment’s impact on Future Profitability;
The user of proceeds from the atm facility
The Future Repurchase of Convertible Notes; and the intropuction of New Products to the Market.
Ability to Retain Key Personnel, The Ability to Continue Investing in Infrastic to Support Growth, The Ability to Obtain Financing on Acceptable Terms, Result of New Information, FUTURE EOVENTS Or Otherwise, Except as Expressly Required by Applicable Securities Law.
. Non-Gaap Measures in this news release include "adjusted eBitda", "net revenue", "Adjusted Gross Profit BeFore FV Adjustments" and "Adjusted GROSS MARGIN BeFore Fv"
Regarding Certain non-Gaap Performance Measures ", which is incorporaated by reference into this news.
Are intended to prive adDitional information and should not be consciously in isolation or as a substitute for metation prepared in accordance with ifrs.
Net Revenue, Adjusted Group and Margin
Adjusted EBITDA
Adjusted eBitda is a non-gaap manure and can be reconciled with net income, the most directly comparable gaap financialacb manual measure, as follows:
Acb manuFacture Source Aurora Cannabis Inc.