Aurora Cannabis Inc. (ACB) reported a second-quarter loss of C$237.8 million ($178.8 million) on revenue of C$54.2 million after the market closed Monday.
Two analysts surveyed by FactSet had expected the company to post revenue of C$51.8 million.
The company attributed the revenue surge to its launch in the Canadian consumer market, where it reported sales of C$21.6 million, and international medical markets.
The company said it sold 6,999 kg of cannabis in the quarter. Aurora said it accounted for 20% of consumer sales in Canada.
Aurora projected it will reach sustained positive EBITDA beginning in its fiscal fourth quarter.
Aurora is one of three Canadian Cannabis companies reporting this week