“This is our strongest fiscal year to date, led by robust net revenue 1 growth in our high-margin medical cannabis segment, coupled with positive adjusted EBITDA 1 for the fourth consecutive quarter,” stated Miguel Martin , Chief Executive Officer of Aurora. “We are experiencing the benefits of diversification across our cannabis and non-cannabis platforms characterized by stability in Canada , record revenue in Europe and Australia , and early success with our most recent acquisition, Bevo Farms.”
Mr. Martin continued, “We are also proceeding with capturing $40 million in annualized cost efficiencies during fiscal 2024, in addition to the approximate $400 million savings we delivered over the last three years. By executing on our plan to deliver top-line growth and increased profitability, we are moving closer to reaching our target of positive free cash flow in calendar year 2024.”
Mr. Martin added, “Our balance…
