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Aurora Cannabis Posts Big Revenue Surge but Swings to a Loss

Joseph Woelfel

, the Canadian cannabis producer, posted a fiscal second-quarter loss of C$237.8 million on revenue of C$54.2 million, compared with year-earlier profit of C$7.7 million on revenue of C$11.7 million. Losses in the latest quarter resulted largely from investments Aurora Cannabis made in other cannabis producers, the company said. Shares of Aurora Cannabis ended flat at $7.17 on Tuesday.