Aurora Cannabis, a billion-dollar pot producer, posts $6M in revenue | Alberta |

copypasteimage-12Most interviews with Cam Battley — Aurora Cannabis Inc.’s zealous executive vice-president — inevitably yield considerable enthusiasm about the company’s outlook.Aurora, among Canada’s largest cannabis producers boasting greenhouses built or under construction in Alberta and Quebec, with more investments abroad, is “poised for explosive growth,” he says.”It’s just like a golden era for us right now.

You couldn’t ask to be in a better place in a growth phase.”Battley’s enthusiasm isn’t rooted in the same financial metrics that get the blood pumping for most executives of highly valued public companies. In its latest quarterly results, released Tuesday, Aurora posted less than $6 million in revenue with 16,400 customers.And, yet, the company is valued at more than $1 billion on the stock market.When pressed on his penchant for flowery language, Battley said, “I know, I get terribly excited about this stuff.”

But he also read out the laundry list of Aurora’s growth to date: a greenhouse north of Calgary; production facilities under construction near Edmonton and outside Montreal; a 19.9-per-cent stake in Australia’s first licensed cannabis company; and the acquisition of a wholesale distributor in Germany, which recently legalized pot for medicinal use.”That is our anchor in the European Union,” Battley said. “As other countries establish their own medical system, we’re poised to supply additional markets in Europe.”


Source: Aurora Cannabis, a billion-dollar pot producer, posts $6M in revenue | Alberta |

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