Monday was a great day to own marijuana stocks, which soared on news of mergers and acquisitions in the industry, as well as a potential breakthrough in marijuana legalization in Washington, D.C.
On the one hand, Aurora said that “net of provisions,” its revenue for the quarter grew 10% sequentially when compared to the fiscal fourth quarter of 2021.
For now, Aurora is just focused on cutting costs and “realizing operational efficiencies” in an attempt to lower its losses and slow the rate of its cash burn.
And things could still get worse.