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Aurora to be Profitable Before ‘Any of its Peers,’ Chairman Says

  • Pot company reported a quarterly Ebitda loss of C$39.7 million
  • Aurora reported gross margin of 58%, among industry’s best
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Photographer: Michael Nagle/Bloomberg

Aurora Cannabis Inc. will reach profitability before “any of its peers,” but the company’s chairman, Michael Singer, is declining to say exactly when that will happen.

Aurora said in January that it expected to achieve sustained earnings before interest, taxes, depreciation and amortization in the quarter ended June 30. It tempered that statement in August, saying it “continues to track toward positive adjusted Ebitda.” However, the metric has proved elusive, with Aurora reporting an adjusted Ebitda loss of C$39.7 million for the quarter ended Sept. 30.