Aurora Cannabis (ACB) - Get Report posted fiscal third-quarter results late Tuesday.

The company said gross revenue surged 367% to C$75 million, $56 million, topping analyst estimates of C$67.5 million, $50.1 million.

It said its loss attributable to shareholders was $C158 million, $117 million. 

The company said it is "well positioned to achieve positive EBITDA beginning in fiscal Q4."

Aurora did not break out an earnings-per-share number in the release.

Earlier Tuesday, fellow Canadian cannabis company Tilray  (TLRY) - Get Report reported a 195% increase in revenue, sending shares higher in after-hours trading

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