EDMONTON — Aurora Hashish Inc. missed its personal early steerage because it misplaced $2.2 million within the fourth quarter on $98.9 million in internet revenues.
Revenues elevated from $19.1 million a 12 months in the past and had been up 52 per cent from $65.1 million within the prior quarter.
Nonetheless, the Edmonton-based cannabis producer final month stated its income from all sources would rise to between $100 million and $107 million.
It additionally failed to attain a optimistic adjusted EBITDA, with a loss earlier than curiosity, taxes and depreciation of $11.7 million, an enchancment from a lack of $36.6 million within the third quarter.
For the complete 12 months, the corporate says its internet loss was $297.9 million on $247.9 million in internet revenues. That in contrast with a revenue of $69.2 million on $55.2 million a 12 months earlier.
Its full-year adjusted EBITDA loss was $156 million, worse than the $54.2-million loss within the fourth quarter of 2018.
Firms on this story: (TSX:ACB).
The Canadian Press