Aurora Cannabis announced that the company has closed the sale of its Aurora Polaris facility for gross proceeds of approximately $15M, previously announced to be closing under the company’s ongoing transformation program. Aurora’s balance sheet remains in a net cash position, with approximately $320M of cash and cash equivalents (including approximately $63M of restricted cash) inclusive of the transaction announced, and the company reiterates its expectation of achieving Adjusted EBITDA profitability for the quarter ending December 31, 2022.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ACB: