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Company News

Pot producer Aurora Cannabis posts 16% rise in revenue

May 14 (Reuters) - Canadian pot producer Aurora Cannabis Inc said on Thursday it sold more kilograms of cannabis for both adult-use as well as to medical marijuana markets, boosting quarterly revenue by 16% from a year earlier.

Quarterly revenue rose to C$75.5 million ($53.79 million) in the third quarter ended March 31 from C$65.1 million a year earlier.

It sold 12,729 kilograms of cannabis, 39% more than a year ago. ($1 = 1.4037 Canadian dollars) (Reporting by Arunima Kumar in Bengaluru; Editing by Arun Koyyur)

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