Bellwether marijuana stock Aurora Cannabis (NYSE: ACB) released its Q4 of fiscal 2019 results after market close on Wednesday.
For the quarter, the company -- which reports in Canadian dollars -- booked 98.9 million Canadian dollars in net revenue. This was up by 52% over the previous quarter and 415% higher on a year-over-year basis. It was also on the back of an 86% quarter-over-quarter increase in production volume, to 29,034 kilos. The rise in production was due in no small measure to the addition of two new cultivation facilities.
Aurora's average net selling price per gram for consumer cannabis fell 6% sequentially to land at CA$5.14. That for medical cannabis held steady at CA$8.51.