The chief executive of Aurora Cannabis Inc. trumpeted international medical pot markets as his company’s key to future growth as it reported a $75.1-million loss in its most recent quarter.
The Edmonton-based pot company is already dabbling in Israel, Australia and Europe, but believes the U.S. and many other regions have revenue-generating potential, if the wave of pot legalization continues around the globe.
“We expect a domino-like effect as acceptance grows,” said Miguel Martin, on a Thursday call with analysts.
“Where there is money to be made in a federally-regulated structure, Aurora will be there and we will win.”
Martin has spent recent quarters shaking his head at several trends that have emerged in the recreational cannabis industry.
He has labelled the recreational sector as “irrational” and “unsustainable” because companies are speeding to slash prices and margins in the quest for market share during a period when they’re still contending with COVID-19 pot store
