Aurora Cannabis Inc. (NASDAQ:ACB) Q2 2024 Earnings Conference Call November 9, 2023 5:00 PM ET
Company Participants
Ananth Krishnan - Vice President, Corporate Development and Strategy
Miguel Martin - Chief Executive Officer
Glen Ibbott - Chief Financial Officer
Conference Call Participants
Vivien Azer - TD Cowen
Michael Lavery - Piper Sandler
John Zamparo - CIBC
Doug Miehm - RBC Capital Markets
Emily Larsen - BMO Capital Markets
Eric Livshits - ATB Capital Markets
Operator
Good day, ladies and gentlemen. And welcome to Aurora Cannabis Inc. Second Quarter 2024 Results Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]
As a reminder, this conference is being recorded. I will now turn the conference over to your host, Ananth Krishnan. Please go ahead.
Ananth Krishnan
Thank you, Chris. We appreciate you all joining us this afternoon. On the line with me today are CEO, Miguel Martin; and CFO, Glen Ibbott. After the market closed, Aurora issued a news release announcing our fiscal 2024 second 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 find the 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 then return to the queue.
With that, I will turn the call over to Miguel. Please go ahead.
Miguel Martin
Thank you, Ananth. Glen and I are hosting this call today from the Sky facility in Edmonton, Alberta, the home province of Aurora and where our story began. We are very pleased to be here at this 800,000 square foot facility that is being repurposed by Bevo Farms for orchid cultivation as part of their expansion plans.
More importantly, we’re here today to discuss our quarterly results, which demonstrate the strength of Aurora’s business model. This quarter, we achieved strong revenue growth, record positive adjusted EBITDA and maintained our leadership in key markets, all of which will help us achieve our target of positive free cash flow in calendar 2024.