Aurora Cannabis says it plans to have the Aurora Sun greenhouse repurposed and produce starter vegetables and flowers by this time next year. The Edmonton-based cannabis producer recommitted to the timeline on November 9 when it released its quarterly financial reports.
They state the company that launched a huge “business transformation program three years ago recorded its fourth consecutive quarter of positive unadjusted earnings and will likely have positive cash flow in the next calendar year.”
Aurora’s CEO Miguel Martin said the company would deliver on that long-standing goal thanks to better medical division sales, cost containment, and new income from traditional plant propagation at its Bevo division.
That is already operating at the Aurora Sky facility in Leduc, while Aurora Sun in the Hat will become a second facility for horticulture and supply contracts with greenhouse growers. “It’s been an incredible three years, and we’re nowhere near where we think we can get,” said a call with investment firms. “Generate steady, predictable revenue and earnings, albeit on a seasonal cadence,” according to Martin.
Read more at medicinehatnews.com