June 26, 2022

Hashish seedlings on the Montreal Aurora Hashish facility on Nov. 24.Ryan Remiorz/The Canadian Press

Aurora Hashish Inc.’s ACB-T most up-to-date quarter ended with a web lack of greater than $1-billion, which the hashish firm blamed on pricing pressures and COVID-19 measures.

The Edmonton hashish enterprise’ third-quarter loss was up from a greater than $160-million loss it reported in the identical quarter final 12 months.

Aurora says its primary and diluted loss per share for the quarter amounted to $4.72 in contrast with a lack of 83 cents throughout the third quarter of 2021.

Analysts on common had anticipated a lack of 34 cents per share, in line with monetary markets knowledge agency Refinitiv.

Aurora says its web income for the interval ended March 31 reached $50.4-million, down 9 per cent from about $55-million the quarter earlier than.

The corporate’s earnings got here days after it introduced it’ll wind down operations at an outside develop website within the B.C. Inside as a result of it not too long ago acquired Thrive Hashish, which has indoor and out of doors develop amenities.

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