Aurora Cannabis still sees positive free cash flow by year-end as it expands medical cannabis business By Proactive Investors

Date:

February 8, 2024

Proactive Investors – Aurora Cannabis Inc (:TSX:, NASDAQ:ACB) shares moved higher in early trade on Thursday after the Alberta-based medical cannabis firm reaffirmed that it is on track to achieve positive free cash flow by the end of the 2024 calendar year along with fiscal third quarter financial results that demonstrated the strength of its medical cannabis segment.

The company also announced that it will become the largest global medical cannabis company operating in nationally legal markets following its acquisition of MedReleaf Australia, the company’s strategic partner since 2017 that holds the number two position in Australia’s medical marijuana market.

It expects the acquisition to be immediately accretive to its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and…

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Aurora Cannabis still sees positive free cash flow by year-end as it expands medical cannabis business By Proactive Investors

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