9:29 ET -- Aurora Cannabis' European market has been a cash cow, supporting a strong 4Q beat. TD Cowen analyst Derek Lessard notes that European cannabis sales were up 150% year-over-year thanks to strong sales across Germany, Poland and the U.K., "which we would attribute to de-scheduling progress in Germany, and ACB's strong ability to supply quality products at scale." In all, 4Q net revenue rose 34%, which Lessard notes was 3% above consensus expectations of C$88.8 million, and adjusted Ebitda of C$16.7 million, topping Wall Street views by 11%. The analyst says these results show Aurora "has turned over a proverbial new leaf following the reset in the cannabis industry, now with a focus on responsible growth." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
June 18, 2025 09:29 ET (13:29 GMT)
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