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Aurora Cannabis Inc. sold almost double the amount of cannabis and reported a 52 per cent increase in net revenue in its latest fiscal quarter, results that were mostly in line with what the Edmonton-based licensed producer had forecast a month ago.

For the period ending June 30, 2019 — Aurora’s fourth fiscal quarter — the company sold 17,793 kilograms of cannabis to the recreational and medical markets, a sharp increase from just 9,160 kilograms sold in the previous quarter.

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The company’s net revenue for this quarter was almost $99 million versus $65 million in the third fiscal quarter. The licensed producer had released a preview of its earnings in early July, which anticipated gross revenue to be in the $100 million to $107 million range.

Net revenue from the sale of medical cannabis made up almost $30 million of total revenue, while the recreational market earned the company approximately $44 million.

