Aurora Hashish, Inc. (NASDAQ: ACB) on Thursday reported a internet loss for the fourth quarter of 2024. The corporate’s revenues moved up 5% year-over-year in the course of the quarter.
The Canada-based leisure marijuana firm reported a internet loss from persevering with operations of C$20.8 million for the fourth quarter, in comparison with a lack of C$76.2 million within the prior-year interval. Adjusted EBITDA was C$1.89 million in the course of the three months, down 5% from the year-ago quarter. Whole revenues elevated 5% yearly to C$67.4 million in This fall.
“Aurora is the largest global medical cannabis company in nationally legal markets and our leadership is best differentiated by serving the diverse needs of patients across the world. In Q4 2024, global medical cannabis net revenue1 increased 20% year-over-year, supported by the recent acquisition of MedReleaf Australia, where we saw significant growth, along with higher sales in Poland and the UK,” mentioned Aurora’s CEO Miguel Martin.
