Aurora Hashish, Inc. (NYSE: ACB) on Monday reported a web loss for the fourth quarter of 2021, persevering with the current development. Nevertheless, the bottom-line efficiency improved from the year-ago interval.
The Canada-based medical marijuana firm’s loss from persevering with operations was C$133.9 million within the June quarter, which marked a big enchancment from final 12 months’s lack of C$1.84 billion. Loss narrowed regardless of a 20% year-over-year lower in revenues to C$54.8 million.
Read administration/analysts’ feedback on Aurora’s This fall outcomes
Shares of Aurora Hashish dropped quickly after the earnings launch on Monday night within the New York Inventory Change, after closing the common session down 7%.