(FOX BUSINESS) Aurora Cannabis posted a net loss of $985 million in the three months through December as revenue slid.
The loss, which amounted to C$1.3 billion Canadian dollars, heightens the pressure on interim CEO Michael Singer, who is overhauling the company with a focus on its bottom line. Dow Jones had estimated Aurora would report a loss of about C$1 billion for the quarter due to goodwill and impairment charges it announced last week.
Excluding expenses such as taxes and depreciation, Aurora said it lost $80.2 million, compared with $39.7 million in the previous three-month period.
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