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Aurora Cannabis entered a bought deal financing worth $125 million, then upsized that funding to $150 million.

In a bid to slash costs and become profitable, Aurora Cannabis is closing its flagship Aurora Sky facility in Edmonton, Alberta, as well as shuttering an outdoor farm in British Columbia and the company’s prized Anandia testing and genetics division.

Struggling cannabis producer Aurora Cannabis reported a net loss of 1 billion Canadian dollars ($770 million) for the three months ended March 31 on plunging sales of adult-use products, bringing its loss this year to CA$1.1 billion.

Aurora Cannabis reached a deal to buy TerraFarma, the parent company of craft producer Thrive Cannabis, in a bid to reinforce its “premiumization” strategy and become profitable by the spring of 2023.

Aurora Cannabis eked out a third consecutive quarter of revenue growth on the back of rising medical sales, but the Alberta-based licensed producer still reported a loss of 75.1 million Canadian dollars ($59 million) in its second quarter.

Analysts have slashed hundreds of millions of dollars off their 2022 sales forecasts for three Canadian cannabis producers, reflecting an increasingly competitive landscape across the adult-use industry, falling overall prices and poor execution by some executive teams.

Edmonton, Alberta-based Aurora Cannabis sent its largest ever shipment of medical marijuana to the fast-expanding Israeli market, the company announced Tuesday.

Edmonton, Alberta-based Aurora Cannabis saw its net loss improve to 11.8 million Canadian dollars ($9.5 million) in its quarter ended Sept. 30 on growing sales of medical marijuana, according to the company’s first-quarter results released Tuesday.

Edmonton, Alberta-based Aurora Cannabis is investing “a significant equity stake” in upstart Netherlands-based Growery B.V., one of only 10 lottery winners selected to cultivate and distribute adult-use marijuana to retailers under a government-backed pilot program.

Aurora Cannabis is closing its manufacturing facility at Edmonton International Airport, a move that is expected to impact approximately 8% of its global workforce, the company confirmed in an email to MJBizDaily.

A subsidiary of Edmonton, Alberta-based Aurora Cannabis delivered its initial shipment of medical marijuana to France for use in the country’s pilot program, the company announced Wednesday.