Aurora Cannabis (NASDAQ:ACB) (TSX:ACB) announced its financial and operational results for the second quarter fiscal 2022 ended December 31, 2021.
"During the second quarter, we improved our Adjusted EBITDA by $2.5 million over Q1, moving us closer to our profitability goal. Our focus remains on further cost reductions, and we are pleased to announce today that we expect to reach the high end of the $60 to $80 million range," stated Aurora's CEO Miguel Martin. "Our balance sheet remains among the strongest in the industry, with approximately $445 million in cash as of yesterday. This gives us significant working capital to support organic growth and positions us to pursue strategic M&A opportunities."
