Aurora Cannabis Inc. (NASDAQ:ACB) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET

Company Participants

Ananth Krishnan - VP, Corporate Development and Strategy

Miguel Martin - CEO

Glen Ibbott - CFO

Conference Call Participants

Michael Lavery - Piper Sandler

John Zamparo - CIBC

Operator

Greetings. And welcome to the Aurora Cannabis Inc. First Quarter 2024 Results Conference Call. All participants will be in a listen-only mode, and a question and answer will follow the formal presentation. This conference call is being recorded today, Thursday, August 10, 2023.

I would now like to turn the conference over to your host, Ananth Krishnan, Vice President, Corporate Development and Strategy. Please go ahead.

Ananth Krishnan

Thank you, Michelle. We appreciate you all joining us this afternoon. With me today are CEO, Miguel Martin; and CFO, Glen Ibbott. After the market closed, Aurora issued a news release announcing our fiscal 2024 first quarter financial results. This news release accompanying financial statements and MD&A are available on our IR website and can also be accessed via SEDAR and EDGAR. In addition, you will be able to find a supplemental information deck on our IR website.

Listeners are reminded that certain matters discussed on today's conference call could constitute forward-looking statements that are subject to risks and uncertainties related to our future financial or business performance. Actual results could differ materially from those anticipated in these forward-looking statements. The risk factors that may affect actual results are detailed in our Annual Information Form and other periodic filings and registration statements. These documents may similarly be accessed via SEDAR and EDGAR.

Following prepared remarks by Miguel and Glen, we will conduct a question-and-answer session with our covering analysts. We ask that you limit yourself to one question and one follow-up before going back in the queue.

With that, I will turn over the call to Miguel. Please go ahead.

Miguel Martin

Thank you, Ananth. Aurora today is a differentiated and diversified company with a leading global cannabis platform and the leading North American plant propagator. In Cannabis, we are medical first and a leader in that business across the world. In plant propagation we are one of the top companies operating critical infrastructure in the controlled environment agricultural industry. We are very proud of the record quarter, we just delivered.

We generated the largest adjusted EBITDA we've ever achieved and revenue and adjusted gross profit at the highest level, Aurora has reported in three years. But be assured we're not resting here. We're pushing harder than ever to bring our diversified operations to free cash flow generation.