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Aurora Cannabis
Aurora Cannabis (ACB) investor relations material
Aurora Cannabis TD Cowen 46th Annual Health Care Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.TD Cowen 46th Annual Health Care Conference summary2 Mar, 2026
Strategic focus and business transformation
Completed multi-year restructuring, right-sized production, exited unprofitable markets, and achieved a debt-free, strong net cash position.
Shifted strategic direction to focus on high-margin medical cannabis, especially in international markets like Europe and Australia.
Divested plant propagation and scaled back lower-margin consumer segments to prioritize medical cannabis.
Operational excellence, regulatory expertise, and commercial execution position the company for global growth.
Medical cannabis now serves as the primary growth engine, with record revenue and EBITDA growth.
Market performance and competitive advantages
Delivered CAD 94 million in recent revenue, with 7% year-over-year growth; global medical cannabis revenue reached CAD 212 million year-to-date.
Medical cannabis market estimated at over CAD 9 billion, with Europe and Australia as key growth drivers.
Achieves industry-leading margins in the mid-to-high 60% range due to pharmaceutical approach and GMP-certified manufacturing.
Investments in GMP capacity in Canada and Germany reduce reliance on third parties and improve cost efficiency.
Doubling production at the German facility to support market growth and flexibility in global supply.
Geographic and segment strategies
Scaling back Canadian recreational business to focus on profitable provinces and improve EBITDA margins.
Transitioning Australian portfolio toward core and premium products, leveraging fewer competitors and higher margins.
Maintains leading position in highly regulated Poland by quickly adapting to regulatory changes and ensuring supply.
Lessons from Poland are transferable to other markets, such as Germany.
What M&A targets are a "no-go" for Aurora?
How does Aurora mitigate regulatory timing risks?
What guides profitable market entry decisions?
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Next Aurora Cannabis earnings date
Q4 202617 Jun, 2026
Aurora Cannabis
Next Aurora Cannabis earnings date
Q4 202617 Jun, 2026
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Frequently asked questions
Aurora Cannabis, Inc. is focused on producing medical cannabis pursuant to the Canadian Access to Cannabis for Medical Purposes Regulations and operating a network of ACMPR licensed producers through its wholly owned subsidiaries. Aurora is the largest producer of medical cannabis in Canada, the second-largest in the world and is expanding globally with multiple production facilities in Canada under construction or planned. Aurora Cannabis Inc. is headquartered in Edmonton, Canada.
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