The
It did not disclose its earnings per share for the quarter, but analysts had expected the company to report a loss of
Its fourth-quarter adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was negative
Net revenue reached
Recently appointed CEO
"My focus is therefore to reposition the Canadian consumer business immediately. We look to expand beyond the value flower segment, leverage our capabilities in science and product innovation and put our effort on a finite number of emerging growth formats," he said in a news release.
Martin says he will overhaul Aurora by expanding its affordable flower offerings and increase the company's focus on emerging cannabis formats like pre-rolls, vapes, concentrates and edibles.
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